Singapore: 2012 Article IV Consultation; Staff Report, Informational Annex, Public Information

International Monetary Fund

No 2012/248, IMF Staff Country Reports from International Monetary Fund

Abstract: Singapore’s large financial sector has remained resilient. The output has shown to rebound strongly despite a drop of 9 percent in GDP during 2008-early 2009. The new challenges include consumer price inflation, income inequality, and rising housing prices. The downside risks for the Singapore economy are large, but the country has large buffers and significant policy room to dampen the immediate and longer-term effects of a sharp global slowdown. The authorities have ample policy space and instruments to address the negative impact of economic shocks.

Keywords: ISCR; CR; Singapore dollar; headline inflation; fund; core inflation; U.S. dollar; inflation expectation; Core CPI inflation; output gap; Singapore-dollar proceeds; growth performance; credit growth; Inflation; Loans; Credit; Income; Unemployment; Global; Asia and Pacific (search for similar items in EconPapers)
Pages: 53
Date: 2012-08-27
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