Fitch Solutions

‘Potential windfall’ for emerging markets as COP29 carbon market deal works to improve integrity: BMI - THE EDGE SINGAPORE

Climate change

‘Potential windfall’ for emerging markets as COP29 carbon market deal works to improve integrity: BMI

Governments adopted on Nov 11 guidelines to further develop a United Nations-administered global voluntary carbon market. Developing more specific rules will take 12 to 18 months, says BMI.
Early monetary policy tightening to see stronger Singapore Dollar on average in 2022: Fitch Solutions - THE EDGE SINGAPORE

Singapore economy

Early monetary policy tightening to see stronger Singapore Dollar on average in 2022: Fitch Solutions

Fitch Solutions is expecting the Singapore Dollar to average at $1.3450/USD this year, following a “slightly stronger position"
MAS to continue with 'relatively accommodative' monetary policy in 2021: Fitch Solutions - THE EDGE SINGAPORE

Singapore economy

MAS to continue with 'relatively accommodative' monetary policy in 2021: Fitch Solutions

The team at Fitch expects 2021 GDP growth to rebound beyond the trend levels to 6.1% due to the low base effects in 2020.

Electric vehicles

Chinese EV market will remain largest in the world from 2021 to 2029: Fitch Solutions

The majority of demand for EVs will also stem from China, Japan and South Korea, the three most advanced economies in Asia.
Gold prices to see further gains amid rising inflation, weak US dollar and new waves of Covid-19 cases: Fitch Solutions - THE EDGE SINGAPORE

Broker's Calls

Gold prices to see further gains amid rising inflation, weak US dollar and new waves of Covid-19 cases: Fitch Solutions

The team at Fitch Solutions has kept its 2021 gold price forecast of US$1,780 ($2365.10) per ounce.
EV sales in Singapore estimated to expand by 170% y-o-y in 2021: Fitch Solutions - THE EDGE SINGAPORE

Electric vehicles

EV sales in Singapore estimated to expand by 170% y-o-y in 2021: Fitch Solutions

The team has also estimated that Singapore’s EV fleet will increase from 1,769 units in 2020 to around 10,000 units by end 2025.
MAS to stand pat on policy through 2021, Singapore's GDP to grow 5.8%: Fitch Solutions - THE EDGE SINGAPORE

Singapore economy

MAS to stand pat on policy through 2021, Singapore's GDP to grow 5.8%: Fitch Solutions

Fitch Solutions expects real GDP to grow by 5.8% in 2021, compared to a 5.2% contraction in 2020.
Suez Canal blockage should have limited impact on oil prices: Fitch Solutions - THE EDGE SINGAPORE

Oil & Gas

Suez Canal blockage should have limited impact on oil prices: Fitch Solutions

Impact on oil prices will be short-lived as the market should able to absorb the disruption in the near term.
MAS to continue accommodative monetary policy in 2021: Fitch Solutions - THE EDGE SINGAPORE

Singapore economy

MAS to continue accommodative monetary policy in 2021: Fitch Solutions

Fitch has revised its average consumer price inflation (CPI) forecasts for 2021 to 0.5% y-o-y from 1.4% y-o-y previously.
Singapore to post current account surplus of 19.6% of GDP in 2021: Fitch Solutions - THE EDGE SINGAPORE

Singapore economy

Singapore to post current account surplus of 19.6% of GDP in 2021: Fitch Solutions

Asia will be among the fastest-growing regions in the world in 2021, with trade boosted by China’s strong momentum, notes the team
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