Singapore: Staff Report for the 2011 Article IV Consultation—Informational Annex
Author: International Monetary Fund
Publication Date:
10 Feb 2012
eISBN:
9781463935795
Language:
English
Keywords:
ISCR; CR; Singapore economy; core inflation; Singapore; headline inflation; mas core inflation
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Singapore’s economy is slowing against the backdrop of a deteriorating external environment and a softening of exports. The main near-term risks are a protracted slowdown in advanced economies and a sharp increase in global financial stress. Given Singapore’s openness, these shocks would hit the economy severely through weaker exports, reduced capital inflows, slower credit, and a fall in financial market activity. The authorities have sufficient policy space to deploy a decisive response in case these risks materialize. A rapid increase in foreign currency lending may also raise the risk of funding strains.

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Singapore: Staff Report for the 2011 Article IV Consultation
Author: International Monetary Fund
Volume/Issue:
Volume 2012: Issue 042
Publisher:
International Monetary Fund
ISBN:
9781463935795
ISSN:
1934-7685
Pages:
48
DOI:
https://doi.org/10.5089/9781463935795.002