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Market observers aren't panicking just yet despite increasing risks to global economy, says DBS

Jeffrey Tan
Jeffrey Tan • 3 min read
Market observers aren't panicking just yet despite increasing risks to global economy, says DBS
SINGAPORE (Oct 21): Despite a deteriorating global economic outlook, market observers are not panicking yet owing to the possibility that growth could still find support from several drivers.
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SINGAPORE (Oct 21): Despite a deteriorating global economic outlook, market observers are not panicking yet owing to the possibility that growth could still find support from several drivers.

These include low interest rates, “some sort of a trade deal”, bottoming of electronics demand, and the “revival” of a few large emerging market economies, says Taimur Baig, chief economist at DBS Bank.

On Oct 18, China announced third quarter GDP of just 6%, its slowest growth in almost three decades as factor production and investment sentiment were hit by the trade war.

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