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

Publication Date:

July 28, 2017

Electronic Access:

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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.

Series:

Country Report No. 2017/240

Subject:

English

Publication Date:

July 28, 2017

ISBN/ISSN:

9781484312773/1934-7685

Stock No:

1SGPEA2017001

Pages:

67

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