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Asian Insights
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Singapore’s 2023 budget: more of the same?
- Despite headwinds, the government’s economic strategy remains more of the same.
- Budget 2023 signalled continued fiscal conservatism that risks increasing public savings beyond what is economically efficient. Money can be spent on pursuing long-term goals.

Asian currencies face a bumpy ride towards recovery
- The USD has peaked. Its descent, though uneven, will benefit battered Asian currencies.
- China’s reopening provides tailwinds for Asia via export, commodity, and tourism demand. Countries that historically relied on Chinese demand will benefit more.