Singapore : 2017 Article IV Consultation-Press Release; Staff Report

Information about Asia and the Pacific Asia y el Pacífico

Journal Issue

Volume/Issue:: 2017/240
Series:: IMF Staff Country Reports
Author(s):: International Monetary Fund. Asia and Pacific Dept
Publisher:: INTERNATIONAL MONETARY FUND
Published Date:: July 2017
DOI:: http://dx.doi.org/10.5089/9781484312773.002
ISBN:: 9781484312773
ISSN:: 1934-7685
Page:: 67

A cyclical upswing in growth is under way driven by goods trade. But improved momentum has yet to extend beyond the export-oriented sectors, and structural headwinds to growth from aging, tighter foreign worker policies, and slow productivity growth remain. Inflation has turned positive after two years of subzero readings and the financial cycle is firming. Singapore's external position continues to be substantially stronger than warranted by medium-term fundamentals and desired policies. Risks to the outlook are broadly balanced. Being highly open to trade and financial flows, Singapore stands to benefit from improving global sentiment. But more inward-looking policies in major economies and slowdowns in emerging economies would have an adverse impact. Domestic risks mainly relate to elevated household and corporate sector leverage, and the disruptive potential of economic restructuring through new technologies and automation for employment and inequality.

Singapore: 2017 Article IV Consultation-Press Release; Staff Report

Article

Singapore: Staff Report for the 2017 Article IV Consultation—Informational Annex

Author(s):: International Monetary Fund. Asia and Pacific Dept
Published Date:: July 2017

Explore other countries and regions »

Show Summary Details

You are not logged in and do not have access to this content. Please login or, to subscribe to IMF eLibrary, please click here

Singapore : 2017 Article IV Consultation-Press Release; Staff Report

Singapore: Staff Report for the 2017 Article IV Consultation—Informational Annex

Other Resources Citing This Publication