UOB Global Markets Economic Forum 2023
Emcee Singapore: Charmaine enjoyed George Yeo’s fireside chat on his perspectives of opportunities for growth in ASEAN and China in the coming decade, and found the macroeconomic outlook sessions extremely engaging and insightful.
Mr Yeo noted that the global economy is going through a turbulent transition to a multipolar world, which will include a multipolar financial system. But ASEAN will become even more important as a trade and manufacturing hub in the global economy. And with Singapore smack in the middle of the region, will benefit a lot if we position ourselves right.
China will remain an most important manufacturing hub, its currency will be one of the major ones in the world and its domestic economy will become a major driver of global growth in the coming decades, just as the US domestic economy was in the past decades, he said.
Charmaine gained insights on howASEAN has increased its share of trade with both the US and China since 2018 from Suan Teck Kin, Head of Research, Global Economics and Market Research, UOB.
The panel of distinguished speakers, moderated by Heng Koon How, Head of Markets Strategy, UOB, comprised honoured guests i.e. Angelia Lim, CEO (Singapore) and Co-Chief Financial Officer (Asia Pacific) of LaSalle Investment Management; Beh Siew Kim, MD of The Ascott; Lim Chern Yuan, Group CEO of Yinson Holdings Berhad; and Peter Chia, Senior FX Strategist, Global Economics and Markets Research, UOB.
For more information, please check out:
Singapore and Asean can benefit from a multipolar world, says George Yeo | The Straits Times