Jeremy Cook, chief economist at payments provider World First, said a combative US and a strong dollar would put pressure on Singapore, South Korea and other parts of the EM universe that have relied on US funding and a free and easy trading environment, as well as Indonesia and Malaysia.
The president-elect represents “an almost existential risk to trade”, said Mr Cook.
The good news for S’poreans will be that things will also be bad for Indonesia and M’sia: they are unhappy when neighbours do better. In the past these countries had often provided some relief for the S’pore economy, when other drivers were not working. Not next year though.
Every penny counts, so stop drinking BS