Riding the impending economic recovery amid upbeat outlook

As the Covid-19 vaccine roll-out gathers pace worldwide, there is increasing optimism that a gradual return to economic normalcy will underpin more upside for equities. ST PHOTO: LIM YAOHUI
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SINGAPORE - It is said that financial markets often start recovering up about five to six months before an economic recovery.

That was the case in the aftermath of the severe acute respiratory syndrome in 2003, and also in mid-2009 as the world recovered from the bruising global financial crisis.

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