This boutique bank sees a ‘clear pattern of further economic strength’ for Singapore

SINGAPORE (July 21): VP Bank is anticipating a moderate acceleration of Singapore’s economic growth rates to take place in the coming quarters on stronger manufacturing output.

The boutique private bank is “neutral” on Singapore on the belief that its fundamentals show a clear pattern of further economic strength, with a projected focus on financials and consumer spending.

In its Investment Navigator Asia 3Q 2017 report, VP Bank opines that this year could mark a turnaround for Singapore’s economy, with improvements in gross domestic product (GDP) and earnings growth.

---

Related Stories

• Why y-o-y real wages in the US may be rising, yet its standard of living may have fallen — a statistical mirage
• Investors turn positive on Venture Corp on share buybacks and higher revenue guidance of customers
• Myanmar is burning, posing a challenge for Asean

---