Singapore asset managers expect growth in the US and other developed economies to bounce back from the coronavirus-triggered slump now that vaccines against the virus have begun to be rolled out, and predict the local dollar will strengthen against the greenback this year, according to findings from the Investment Management Association of Singapore’s (IMAS) annual poll.
Half of the 58 respondents in the 2021 survey see the US economy grow more than 4% this year, stronger than the 3% forecast by the International Monetary Fund in October.
Their predictions of over 5.5% growth for Europe and over 3% for Japan are also higher than the IMF’s forecasts of 5.2% and 2.3%, respectively.