What can weigh down Singapore's financial market?

Economists cited three factors.

The trajectory of Singapore’s financial market and lending conditions will heavily depend on global financial conditions, according to economists.

Economists surveyed by the Monetary Authority of Singapore (MAS) said tighter global financial conditions could potentially weigh on financial markets and lending conditions in Singapore.

Economists also pointed to rising geopolitical tensions (37.5%) and inflation (25%)as downside drivers to Singapore’s financial and lending conditions.

Meanwhile, all economists surveyed by MAS identified less restrictive global financial conditions, including rate cuts by major central banks, as an upside driver of the domestic financial market and lending conditions.