SINGAPORE (Dec 11): RHB Research is maintaining its “neutral” call on the Singapore consumer sector, as decelerating economic growth and  macro-economic uncertainties threaten to tame consumer confidence and limit upside potential in the upcoming year. 

Citing the Singapore government’s forecast for economic growth of 0.5%-2.5% y-o-y in 2020, RHB analyst Juliana Cai acknowledges that this should continue to dampen consumer sentiment. However, Cai attests that all is not lost.

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