CIMB Economist Song Seng Wun Shares His 2022 H2 Market Outlook

Ask any of the guests at the latest CIMB Gathering for Preferred Banking Customers and Friends of The top at the end of August, and everyone will no doubt say that good food and good company go well with enlightening discussions. In this case, it was a delicious spread at the lovely Caroline’s Mansion in the St. Regis Singapore, coupled with a market outlook for the second half of 2022.

Led by CIMB’s Resident Economist, Song Seng Wun, a respected personality who also drives the Coffee talk A series of videos on market situations and trending financial topics, the session covered global trends and tips for identifying opportunities amid volatility and uncertainty.

Song was also joined by Eddie Sue, VP of BlackRock (Singapore), who offered ideas on how to rebalance an investment portfolio given changing market conditions.

After a lively round of Q&A, guests enjoyed a specially curated 4-course menu by the culinary team at The St. Regis Singapore as Caroline’s Mansion was filled with lively banter among friends.

H2 Market Outlook by CIMB Resident Economist Song Seng Wun:

  • Property prices in Singapore remain resilient and the trend is expected to continue over the medium term.
  • The data suggests manufacturing prices have peaked and supply chain issues may be gradually resolved, which may help ease inflationary pressures.
  • The possibility of a recession in the United States is looming, but the labor market is still strong, which could cushion the impact.
  • Despite the challenges, investors should continue to invest to take advantage of the broad-based global recovery.
  • The peak in price increases may have passed, but global inflation could remain high as long as labor market conditions support demand.
  • Persistent inflation means that policy tightening will continue even if global growth weakens.

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Carol N. Valencia