Fed's interest rate hikes are greatest threat to local SMEs: UBS | The Edge Markets: "SINGAPORE (Nov 27): While global demand is expected to pick up slightly next year, analysts at UBS reckon the biggest threat to Singapore SMEs remains the US Federal Reserve’s imminent interest rate hike.
“We expect that global trade will return to growth, but that the expansion in the volume and value of trade will remain lacklustre. The improvement in trade growth will provide a modest lift to Singapore's manufacturing and logistics sectors but the higher US rates will be a drag on the financial sector, both the externally focused and domestically focused elements,” says UBS."
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