Singapore: Staff Report for the 2005 Article IV Consultation

International Monetary Fund

No 2006/150, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2005 Article IV Consultation highlights that Singapore’s economy has recovered rapidly since mid-2003, having weathered a series of adverse shocks since the Asian crisis. This turnaround owes much to a favorable external environment, supportive macroeconomic policies, and continued structural reforms. Although growth moderated in 2005, the strength of economic activity has been on the upside. Much of the stronger activity reflects higher-than-expected external demand for pharmaceuticals and oil exploration equipment. With stronger-than-expected economic activity, the fiscal outturn for FY2005/06 is likely to be better than budgeted.

Keywords: ISCR; CR; Singapore; Singapore economy; monetary policy; exchange rate; economy; saving-investment gap; policy stance; investment decision; outlook of the economy; Exchange rates; Current account surpluses; Exchange rate flexibility; Budget planning and preparation; Inflation; Global (search for similar items in EconPapers)
Pages: 44
Date: 2006-05-04
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=19170 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2006/150

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().