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Top 3 data/events
• Singapore – NODX growth likely to have accelerated in March
• Canada – Bank of Canada likely to keep policy rate unchanged
• US – Spring recovery in housing may be gradual
• Market focus
• Weather risks and geopolitical concerns have lifted food prices
The world economy is in transition. Global growth rates are picking up, but transition means elevated risks and volatility.
In terms of global implications, all eyes will be on the US and China, with the US normalising monetary policy and China rebalancing its economy.
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