The duo is also looking at a simultaneous bottoming in the manufacturing sector on the back of rising global semiconductor shipments and a resultant improvement in billings.
SINGAPORE (Dec 17): Singapore’s bottoming economy is set to have tepid recovery boosted by a revival of the services sector in 2020, analysts at DBS say.
“The services sector continues to be a bright spot with loan growth and container throughput growth improving in September 2019. This suggests that trade activity is improving, supported by stronger business loan growth,” note analysts Kee Yan Yeo and Janice Chua.
