IMF Staff Country Reports

Singapore: 2012 Article IV Consultation; Staff Report, Informational Annex, Public Information

Publication Date:

August 27, 2012

Electronic Access:

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Summary:

Singapore’s large financial sector has remained resilient. The output has shown to rebound strongly despite a drop of 9 percent in GDP during 2008-early 2009. The new challenges include consumer price inflation, income inequality, and rising housing prices. The downside risks for the Singapore economy are large, but the country has large buffers and significant policy room to dampen the immediate and longer-term effects of a sharp global slowdown. The authorities have ample policy space and instruments to address the negative impact of economic shocks.

Series:

Country Report No. 2012/248

Subject:

Banking Credit Financial institutions Income Inflation Labor Loans Money Mortgages National accounts Prices Unemployment