I believe Singapore will be still export-oriented economy especially with digitalization and ASEAN body being more integrated and matured due to more relocation of existing industries from China, Johore-Singapore free trade zone effectively implemented, all these will push trade to even greater height in this region. I do not think SGD will reach parity with USD as it will hit our export hard.
DBS Forecast: SGD = USD by 2040! Could SG Become Next “Safe Haven” Hub?
DBS Group Research just dropped a bold projection — by 2040, Singapore’s GDP could double, the Straits Times Index may hit 10,000, and the Singapore dollar (SGD) could reach parity with the US dollar.
1️⃣ Do you believe SGD can really reach parity with USD by 2040?
2️⃣ If the USD keeps sliding, would you increase your gold allocation?
3️⃣ How would you position your portfolio for a long-term USD downtrend?
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