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

July 28, 2017

Preview Citation

Format: Chicago

Singapore: 2017 Article IV Consultation-Press Release; Staff Report, (USA: International Monetary Fund, 2017) accessed November 25, 2024

Summary

This 2017 Article IV Consultation highlights that Singapore’s economic growth momentum has improved since late 2016, supported by a recovery in global electronics trade. Real GDP grew by 2.7 percent in the first quarter of 2017 (year-over-year). However, the recovery has not yet been broad based and private domestic demand, particularly private investment, remains subdued. Labor market conditions have softened with two consecutive years of weak net employment generation. Singapore’s growth is projected in a 2.5–3 percent range over the medium term, with the growth rates rising as improvements in productivity take hold. In the near term, real GDP will grow by about 2.25 percent in 2017 and 2.5 percent in 2018.

Subject: Expenditure, Financial institutions, Fiscal policy, Income, Inflation, Loans, National accounts, Prices

Keywords: Article IV consultation discussion, Bond issuance, Core inflation, CR, Currency speculation, Fund, Global, Income, Inflation, ISCR, Loans, Singapore, Singapore dollar, Singapore dollar proceeds, Surplus, U.S. dollar

Publication Details

Pages:

67
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/240
Stock No:

1SGPEA2017001
ISBN:

9781484312773
ISSN:

1934-7685

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