Analysts, economists take guardedly hopeful stance for second half of 2024

Quick Summary:

Singapore’s prospects hinge on its key trading partners – China and the US.

While bank shares have made significant gains this year, loan growth is expected to wane to low single digits while other sectors appear to offer relatively better value or growth prospects.

The local bank stocks, which make up nearly half the index, were behind much of that rise as investors piled in, buoyed by a prospect of higher interest rates for longer and a resilient real estate sector.

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Article Details

Category: EconomyBusiness

Markets: SingaporeCanadaChinaIndiaIndonesiaJapanSwedenSwitzerlandUkraineUnited States

Topics: Market Cent Singapore Year Investors Economy Inflation 2024 Interest Rates Growth

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-26 @ 12:00:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 1159 words

Reading Time: 7 minutes read

Sentences: 45 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 21780392

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Main Topics: EconomyBusiness

Official Website: straitstimes.com

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