8 sobering predictions for world economy and markets by DBS

SINGAPORE (July 8): DBS CEO Piyush Gupta and Chief Investment Officer Lim Say Boon had words of wisdom for their clients in the DBS Private Bank 2H 2016 Market Outlook.

Gupta had flew in from London a few hours earlier, where DBS Group Holdings was awarded the World’s Best Digital Bank by EuroMoney. Despite the good news and a new award for DBS, the outlook for the second half is definitely downbeat.

Here in Asia, China will be a source of uncertainty. The Middle Kingdom is likely to continue restructuring its economy. Efforts to squeeze out excess capacity in iron and steel and heavy manufacturing are likely to lead to disruptions.

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