With the increasing rollout of vaccines, many market observers are touting the recovery story as global economies reopen.

DBS Bank is one which is upbeat on recovery prospects, with chief investment officer Hou Wey Fook saying “encouraging signs of normalcy” are seen. “By no means are we saying the world has turned the corner in its fight with the pandemic. But recent developments in the US and parts of Europe are pointing towards a strong recovery,” he writes in DBS’s 3Q2021 CIO Insights report.

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