{"id":214570,"date":"2025-10-21T03:20:10","date_gmt":"2025-10-21T03:20:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/214570\/"},"modified":"2025-10-21T03:20:10","modified_gmt":"2025-10-21T03:20:10","slug":"growing-disconnect-between-stock-market-and-underlying-economy","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/214570\/","title":{"rendered":"Growing disconnect between stock market and underlying economy"},"content":{"rendered":"<p>The fundamentals of the domestic economy, which point to steady but unspectacular growth, do not really justify unbridled optimism<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">THE local stock market has been going great guns in recent months, with the Straits Times Index (STI) rising to new all-time highs, boosted mainly by strong gains in the banks \u2013 most notably, DBS.\u00a0<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">Yet, the domestic economy is sluggish, although the recent quarterly data has led private-sector economists to raise their full-year forecasts slightly to between 3.2 and 3.5 per cent.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">Globally, the picture is the same: The latest World Bank estimates indicate that by 2027, global gross domestic product growth may average only 2.5 per cent in the 2020s \u2013 the slowest pace of any decade since the 1960s.<\/p>\n","protected":false},"excerpt":{"rendered":"The fundamentals of the domestic economy, which point to steady but unspectacular growth, do not really justify unbridled&hellip;\n","protected":false},"author":2,"featured_media":214571,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[84,467,56,54,55],"class_list":["post-214570","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-markets","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/214570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=214570"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/214570\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/214571"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=214570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=214570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=214570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}