Morgan Stanley thinks that the economy here is overheating. Other countries in this category are China, South Korea and Argentina.
Expect more FTs to dampen wage inflation. And a stronger S$. Taz the usual policy response from this government.
It’s also Economics 101 (although not Politics 101) to raise taxes. Higher VAT (after elections)? You heard abt the possibility of higher VAT here first.
Yes, I’m assuming the PAP will will the next GE.