Singapore: 2012 Article IV Consultation; Staff Report, Informational Annex, Public Information
August 27, 2012
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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.
Subject: Banking, Credit, Financial institutions, Income, Inflation, Labor, Loans, Money, Mortgages, National accounts, Prices, Unemployment
Keywords: Asia and Pacific, Core CPI inflation, core inflation, CR, Credit, credit growth, fund, Global, growth performance, headline inflation, Income, Inflation, inflation expectation, ISCR, Loans, output gap, Singapore dollar, Singapore-dollar proceeds, U.S. dollar, Unemployment
Pages:
53
Volume:
2012
DOI:
Issue:
248
Series:
Country Report No. 2012/248
Stock No:
1SGPEA2012002
ISBN:
9781475504873
ISSN:
1934-7685
