Singapore : Staff Report for the 2011 Article IV Consultation

Author/Editor:

International Monetary Fund

Publication Date:

February 10, 2012

Electronic Access:

Free Full Text (PDF file size is 1626 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

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.

Series:

Country Report No. 12/42

Subject:

English

Publication Date:

February 10, 2012

ISBN/ISSN:

9781463935795/1934-7685

Stock No:

1SGPEA2012001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

48

Please address any questions about this title to publications@imf.org