Singapore: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Singapore

July 16, 2021

Preview Citation

Format: Chicago

Singapore: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Singapore, (USA: International Monetary Fund, 2021) accessed November 21, 2024

Summary

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.

Subject: COVID-19, External position, Financial sector policy and analysis, Financial soundness indicators, Fiscal policy, Health, Inflation, International investment position, International organization, Monetary policy, Prices

Keywords: Bond issuance, COVID-19, Currency speculation, Financial soundness indicators, Global, Green finance market, Headline inflation, Inflation, International investment position, Singapore authorities, U.S. dollar

Publication Details

Pages:

83
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2021/156
Stock No:

1SGPEA2021001
ISBN:

9781513586038
ISSN:

1934-7685

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