Below-trend growth, above-trend inflation for Singapore in 2013
Below-trend growth, above-trend inflation.
"We think that the “stagflation-type” scenario of below-trend growth and above-trend inflation will likely persist in Singapore in 2013," said Morgan Stanely in in its latest Asia Macro Debates report.
"A combination of DM secular deleveraging, greying demography and stricter immigration policies suggest that Singapore is unlikely to sustainably return to the 8-9% growth seen in the 2004-2007 period.
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SG corp bond yield is now falling below inflation rate ... a low risk portfolio of rental properties, stocks and corp bonds still the way to go
Ride at your own risk !!!