Singapore: 2010 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Singapore
July 23, 2010
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Strong policies, resilient markets, and an improved external environment have helped Singapore tide over the recession. Singapore has a strong track record of proactive and forward-looking economic policymaking. Fiscal policy has regained its traditional medium-term orientation. Official reserve accumulation has to be kept under review. Social safety nets are well placed. Singapore’s exchange rate regime continues to serve the economy well, and the Monetary Authority of Singapore’s exchange-rate-centered monetary framework has been an important source of stability in times of economic turbulence.
Subject: Balance of payments, Banking, Current account balance, Financial crises, Financial institutions, Financial services, Inflation, Loans, Prices
Keywords: Asia and Pacific, CR, Current account balance, double digit growth, first-quarter outturn, fiscal policy setting, Global, growth, headline CPI inflation, Inflation, ISCR, Loans, outturn, Singapore economy, staff appraisal
Pages:
49
Volume:
2010
DOI:
Issue:
226
Series:
Country Report No. 2010/226
Stock No:
1SGPEA2010001
ISBN:
9781455207688
ISSN:
1934-7685
