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Earnings expected to recover to pre-Covid levels in FY2022: DBS

Felicia Tan
Felicia Tan1/3/2022 9:51 PM GMT+08  • 4 min read
Earnings expected to recover to pre-Covid levels in FY2022: DBS
SATS, ART, CDLHT, CICT, FCT and CDG are some of the analysts' top reopening picks.
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In 2022, DBS Group Research analysts Yeo Kee Yan, Janice Chua and Woon Bing Yong estimate that Singapore’s gross domestic product (GDP) will grow to 3.5%.

Inflation during the year may average around 2.4%, predict the analysts in a Jan 3 report.

“2022 is the year where investors juggle between a more resilient transition to living with Covid-19 while the economy faces uncertainties from inflationary pressure, higher interest rates, uncertainty about China’s growth, and domestic policy risks,” they write.

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