Singapore: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Singapore

International Monetary Fund

No 2021/156, IMF Staff Country Reports from International Monetary Fund

Abstract: Singapore entered the COVID-19 pandemic with sizable policy space and robust economic policy frameworks, yet facing longer-term challenges. The economy has been severely impacted by the pandemic, but a bold, comprehensive, and coordinated policy package has helped cushion the economic fallout. Following a record contraction in the first half of 2020, activity has rebounded, and growth is projected to strengthen to 6 percent in 2021, underpinned by a recovery in domestic demand and a positive contribution from net exports. The uncertainty surrounding the outlook is larger than usual.

Keywords: currency speculation; Singapore authorities; bond issuance; U.S. dollar; headline inflation; green finance market; COVID-19; Inflation; Financial soundness indicators; International investment position; Global (search for similar items in EconPapers)
Pages: 83
Date: 2021-07-16
New Economics Papers: this item is included in nep-isf, nep-mac and nep-sea
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