Bad news for retailers: Sales to continue downtrend
OCBC says Singapore will not be immune from a corresponding fall in global risk appetite.
OCBC Investment Research said:
With the weakening of equity markets in Apr and exacerbation of the European debt situation by Greece, we expect the downtrend of retails sales to persist as consumers continue to tighten up.
Should a Greek exit from the Eurozone materialize, market confidence will naturally be adversely affected as the contagion effects spread to other Eurozone economies.
Singapore will not be immune from a corresponding fall in global risk appetite and growth could come in at the low end of the official 1-3% forecast.
This signals chemical firm Eastman’s commitment to its Asian clients.
Find out how the drastic changes in the industry and the “democratisation of information” have helped Saxo Bank succeed.
One of EASB’s full-time lecturer, Willard Tan, shares his incredible educational journey with EASB and how he gives back to his alma mater.
.jpg "Simon Tan")
