DBS CEO Piyush Gupta warns of correction as financial markets disconnect from real economy and IMF prepares to downgrade views

A “liquidity-driven boom” is creating a dislocation between the real economy and the financial markets and a correction is likely “somewhere along the line,” according to Piyush Gupta, the chief executive of DBS Group Holdings of Singapore.Speaking at the Bloomberg Invest Global virtual conference on Tuesday, the head of Southeast Asia’s biggest banking group said the amount of stress on the real economy will be “huge” after months of lockdowns from New York to Singapore because of the…

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