Bank of Singapore: Additional stimulus likely to diminish further following US midterms

1 November 2018 | 1 minute read

According to Bank of Singapore’s base scenario, Democrats will win control of the House of Representatives while Republicans will retain the Senate, and the bank believes this divided Congress would increase the likelihood of diminished fiscal stimulus, alongside a blunted likelihood of major infrastructure packages or the Tax Reform 2.0. “Because our base case is in line with market expectations, we…

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