Home Capital Broker's Calls

Most sectors in STI to enjoy tailwinds in stagflation environment: PhillipCapital

Chloe Lim
Chloe Lim4/5/2022 05:59 PM GMT+08  • 6 min read
Most sectors in STI to enjoy tailwinds in stagflation environment: PhillipCapital
With the global economy facing stagflation, the Singapore market stands out as a shelter: PhillipCapital
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

With the global economy facing stagflation, where prices are higher with lower incomes, the Singapore market stands out as a shelter, says PhillipCapital analyst Paul Chew.

At this point, inflation has been exacerbated by the Russia-Ukraine conflict, which has driven up crude oil prices to their highest in 13 years. As a result, global growth is expected to decelerate as interest rates continue to climb.

In light of how the yield curve has recently inverted, Chew notes how this places the market back on recession watch.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now