Amid economic uncertainty, higher market volatility in risk assets and the highest inflation levels in decades, cash deposits face challenges in providing a positive absolute return over the extended horizon.
In December 2023, the Monetary Authority of Singapore (MAS) disclosed its quarterly survey of professional forecasters, revealing a lower economic growth projection of 2.3% in 2024, down from an earlier prediction of 2.5%.
Expecting tighter financial conditions to dampen consumption and investment sentiments regionally, coupled with escalating geopolitical tension, Singapore’s growth outlook will be constrained by weakening external demand.
