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Top 3 data/events
• India – March CPI likely edged up owing to unseasonal rain
• China – Weak demand may have weighed on trade growth
• Japan – Feb MoR likely shrank, Mar PPI inflation likely slowed
• Market focus
• We expect the MAS to recentre the SGD NEER downwards
• GDP growth was...
Digital technology is transforming the economy and society. Adoption, not invention, has the most economic impact. Technology can lift developed countries if they embrace change. New technologies offer more opportunities than challenges for emerging markets.
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