DBS ‘optimistic’ about ‘buoyant growth’ in 1H2023, but sees ‘potential slowdown’ in ‘uncertain’ 2H2023

DBS Group Research analysts are seeing a tale of “two halves” in its outlook for 2023.

In its report dated Jan 11, analysts Andy Sim, Leena Phaerakkakit, Cheria Christi Widjaja, as well as the Singapore and regional research teams say they are “optimistic” about the “buoyant growth” in the first half of 2023. This is driven by the first festive celebrations, which are the Chinese New Year in January, as well as Song Kran and Lebaran in April.