Singapore : Staff Report for the 2011 Article IV Consultation

Publication Date: February 10, 2012
Electronic Access: Free Full text (PDF file size is 1,626KB).
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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(s): Article IV consultation reports | Credit expansion | Current account surpluses | Economic growth | Economic indicators | Housing prices | Staff Reports

Publication Date: February 10, 2012
ISBN/ISSN: 9781463935795/1934-7685 Format: Paper
Stock No: 1SGPEA2012001 Pages: 48
US$18.00 (Academic Rate:
US$18.00 )
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