global economy

This week: The Edge Singapore wins at the SGX Orb Awards, Jack Ma's Ant Group faces risks from White House curbs.

The best is already over for a global economic recovery that started off at a sprint and is turning into a slog.

August’s bank lending level slipped as loans to businesses and consumers fell.

"Already, we forecast credit losses of about US$2.1 trillion ($2.89 trillion) for 2020 and 2021," say S&P Global Ratings analysts.

The global economic slump is likely to extend till 2Q2021 as lockdowns continue.

The analysts also see 2H2020 as an opportune time to rebalance portfolios from growth and momentum stocks into cyclical and value plays.

Thematic Investing, says investment firm Global X, is key to unlocking the potential of this trend.

At the close of trading in New York on Friday, bullion had spiraled to US$1,902.02 ($2,629.09) an ounce, some 30% higher than the low it hit in March.

The Senior Minister is worried about prolonged expansionary policy and threats to emerging markets.

The press has rarely been under attack as it is today. This is bad news for investors as well as journalists. Fund managers need cheap, unfettered access to information to thrive in the long term. Yet big money rarely wades in to defend free media.