DBS Group Research analysts Rachel Tan and Derek Tan are remaining positive on US Office S-REITs despite the recent slip amid fears of rate hikes due to the more optimistic outlook on the US economy, and expectations of a quicker and stronger recovery.

As macroeconomic data points towards recovery, the brokerage’s chief economist has upgraded this year’s US growth forecast to 6% from 4.5% previously.

“Our economists believe that the Fed is likely to upgrade its growth outlook at its next Federal Open Market Committee (FOMC) meeting on March 17,” write the analysts in a March 12 report.


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