Cover IMF Staff Country Reports
Singapore: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Singapore
Author:
International Monetary Fund. Asia and Pacific Dept
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2021: Issue 156
Language:
English
Publication Date:
16 Jul 2021
DOI:
https://doi.org/10.5089/9781513586038.002
ISBN:
9781513586038
ISSN:
1934-7685
Pages:
83
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
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2021: Issue 156