SINGAPORE - With the threat of all-out war in the Middle East receding somewhat, the fear afflicting the market now is slower-than-expected growth, accompanied by sticky inflation and higher-for-longer interest rates.
On April 25, investors dumped stocks after US gross domestic product (GDP) growth came in at a 1.6 per cent annualised pace in the first quarter, falling well short of expectations of 2.5 per cent.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
