In just three months, global markets have already shifted under the pressure of geopolitical tensions, trade wars, interest cycles and changing investor sentiment. For Carmen Lee, head of research at OCBC Investment Research, this is nothing new. With 38 years of experience, she has witnessed several “black swan” events, including the Black Monday crash that marked the start of her career in 1987. “That’s when I realised the markets can be very chaotic,” she tells The Edge Singapore in an interview on March 12.
While each event brings its consequences, the latest “black swan” event, the Covid-19 pandemic, has had a lasting impact on inflation. Five years on, inflationary pressures persist. “People forget that we have now entered into [an extended] period of somewhat elevated inflation. So I would think that this will have caused some impact on the world,” she says.
