When one hears of A.I., the first words that come to mind are “Artificial Intelligence”. Yet, in the investment world, “AI” refers to a different term¸ that is – Accredited Investor. AI is a type of classification for investors that was introduced post-global financial crisis in 2008 to distinguish the savvier investors from the average investor. An AI is also a high-net-worth individual and is expected to be more well-verse in investing as compared to a regular retail investor. What, exactly, does it take to be an AI in Singapore?
Private home prices in Singapore in the first quarter fell 1.2% from the previous quarter amid the COVID-19 outbreak, according to flash estimates released by the Urban Redevelopment Authority (URA).
This reverses the 0.5% increase seen in the October to December period, and is also the first quarterly decline after three consecutive quarterly increases.
Singapore’s economy looks headed for the worst-ever contraction and first full-year recession in about two decades amid mounting border controls and lockdowns around the world from the coronavirus pandemic.
The grim outlook comes as the Ministry of Trade and Industry (MTI) on Thursday (March 26) slashed its 2020 growth forecast to a range of -4.0 to -1.0 %, from an earlier estimate of -0.5 % to 1.5 %.
The global economy has entered the new decade beset by short-term uncertainty, as the outbreak of the novel coronavirus dampens momentum from 2019. The coronavirus has added uncertainty to the pace of WA’s economic recovery, which in recent months has shown more promise.
As Australia’s most export-oriented state, Western Australia will feel the impact of any prolonged economic weakness in China. WA exported AUD 96 billion worth of goods to China in 2019, representing 53% of the total value of the State’s exports.
The DAE Business Outlook forecasts economic growth in Victoria to be the strongest of the mainland states in 2019-20 and the strongest among all the states in 2020-21.
Victoria’s gross state product is forecast to grow by 2.5 % in 2019-20 and by 2.9 % in 2020-21.
Government infrastructure investment, business investment and household consumption are expected to be the major drivers of State’s growth in 2019-20.