Singapore: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Singapore
IMF Staff Country Reports, July 27, 2018
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- Singapore: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Singapore
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Bibliographic details
- Published: July 27, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484371343.002
Economic outlook and cyclical upswing
- Singapore’s economy is on a strong cyclical upswing.
- Economic growth has recovered to a three-year high, led by externally-oriented sectors that benefitted from the synchronized global expansion.
- Economic momentum is becoming more broad-based, helping to reduce the labor market slack.
- Growth is expected at or above the potential rate in the near term, increasingly supported by domestic demand.
Inflation, prices, and current account
- Inflation is subdued but expected to rise modestly.
- The current account surplus, as a share of GDP, has remained large.
Risks to the outlook
- Risks to the near-term outlook are broadly balanced and come mainly from external sources.
Medium-term structural transformation
- Over the medium term, the structural transformation aimed to prepare Singapore for challenges from technological changes globally and population aging at home should help support higher productivity.
Subjects and keywords (as listed)
- Subjects: Expenditure, Financial institutions, Inflation, Intangible capital, Labor, Labor markets, Loans, National accounts, Prices
- Keywords: core CPI basket, core inflation, core inflation rise, CR, Global, headline consumer price inflation, headline inflation, Inflation, Intangible capital, ISCR, Labor markets, Loans, mas core inflation, Singapore dollar, Singapore economy, U.S. dollar
Content in this bundle
- Country Report