Singapore’s economic recovery from the pandemic has been faster than what the economists predicted at the start of 2021. Even with the impact of the heightened alert measures in July and August, the economy expanded by 7.1% year over year and 1.3% quarter over quarter in the third quarter. Excluding any unforeseen circumstances, we can expect Singapore GDP growth for 2021 to be around 7%. Singapore banks‘ earnings have risen as a result of this recovery as seen by their third-quarter results, and they have performed well as a whole in 2021. Now, as this year comes to an end, what can we expect from our local banks in 2022? Will they continue to do well or will they start losing steam? To answer these questions, we must evaluate two factors: the inflation and economic development of Singapore and China. a) Inflation is real This inflationary environment is unlikely to be short-lived....