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An uneven economic rebound and relentless asset price run-up characterised the end of 2020. With US elections and Brexit behind, and Covid vaccinations underway, will Q121 be marked by unimpeded tailwind? In the first macro insights livestream of the year, we consider our GDP Nowcast for China, India, Indonesia, and Singapore, and estimate the momentum in place for global growth, trade, and inflation. We also take stock of the currency, credit, commodity, and interest rates markets, most of which are already at risk of being over-valued, but with no let-up in investor enthusiasm. We examine the impact of recent spate of trade and investment deals (from RCEP and China-EU), state of digital currency initiatives in China, and the new era of China-US relationship.
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DBS Bank Ltd., 12 Marina Boulevard, Marina Bay Financial Centre Tower 3, Singapore 018982. Tel: 65-878-9999. Company Registration No. 196800306E.
DBS Bank Ltd., Hong Kong Branch, a company incorporated in Singapore with limited liability. 18th Floor, The Center, 99 Queen’s Road Central, Central, Hong Kong SAR.
DBS Bank (Hong Kong) Limited, a company incorporated in Hong Kong with limited liability. 11th Floor, The Center, 99 Queen’s Road Central, Central, Hong Kong SAR.