Growth still looks resilient even though external demand was weak. This may reverse if global oil prices continue to climb. The result implies little pressure for the central bank to ease for now, also the current account surplus should stabilise the currency.

Jeff Ng

Categorized in : Energy

If you look at some leading indicators such as the U.S. semiconductor book-to-bill ratio, I think there is some potential for the electronics sector to continue to cushion some of the other more sluggish sectors, given that a lot of the world demand is still pretty sluggish, there will be some pockets of growth in some sectors but I don't see a broad-based recovery... It'll be at best I guess stabilisation.

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