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Singapore: Resilience amid low growth – Standard Chartered

Analysts at Standrad Chartered are expecting Singapore’s growth to pick up slightly in 2020 from 2019, but remain below trend.

Key Quotes

“Private consumption should remain a key contributor on lukewarm labour-market conditions.”

“Fiscal spending will likely be a supportive growth driver in 2020.”

“We expect the Monetary Authority of Singapore (MAS) to maintain its monetary policy settings in 2020.”

EU: Consumer Confidence drops to -8.1 in December as expected

Consumer sentiment continued to weaken in the euro area in December with the European Commission's Consumer Confidence Index dropping to -8.1 from -7.
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EUR/GBP is trying to recover – Commerzbank

According to Karen Jones, analyst at Commerzbank, EUR/GBP is trying to recover but its path is blocked by the 5 month downtrend at .8575 and the 55 da
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