SINGAPORE (Dec 27): The Singapore market faces several challenges in the year ahead, many of which are upcoming world events whose outcomes are beyond the predictive scope of analysts and economists.

In its Market Focus 2017 Outlook report this month, DBS Research presents various external factors which are likely to stand in the way of the city state’s progress as a financial hub – or vice versa.

• US rate hikes in 2017
After being sworn into the office on Jan 20 next year, investors will get a clearer picture of whether Donald Trump will keep his election promises, including higher interest rates. DBS expects by another four US rate hikes next year, lifting the Fed funds rate to 1.75% by end-217. Against the SGD, the greenback is higher by more than 3% to 1.43.

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