{
  "title": "Singapore: Staff Report for the 2013 Article IV Consultation",
  "publication": "IMF Staff Country Reports, November 14, 2013",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/singapore-staff-report-for-the-2013-article-iv-consultation-41054",
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  "summary": "This 2013 Article IV Consultation highlights that since the robust recovery from the global financial crisis, Singapore’s growth momentum has eased and become more erratic. Growth decelerated to 1¼ percent in 2012 before picking up sharply in the first half of 2013. This reflects shifts in G3 (U.S.",
  "sections": [
    {
      "heading": "Growth performance and outlook",
      "content": "- Growth decelerated to 1¼ percent in 2012 before picking up sharply in the first half of 2013.\n- The near-term outlook is for GDP to grow by 3½ percent in 2013-2014, supported by stronger demand from major advanced economies, despite some softening in regional economies.\n- The growth slowdown and volatility reflect shifts in G3 (U.S., Europe, and Japan) demand and global risk appetite."
    },
    {
      "heading": "External balances",
      "content": "- The current account surplus narrowed sharply to a still-high 18½ percent of GDP in 2012."
    },
    {
      "heading": "Analytical focus and subjects covered",
      "content": "- Key topics addressed include: Banking, Credit, Financial institutions, Housing, Income, Loans, Money, Mortgages, National accounts.\n- Keywords and analytical signals highlighted: anchor inflation expectation, car price appreciation, Core CPI inflation, CPI-All Items inflation, CR, Credit, equity price, Global, headline inflation, Housing, Income, ISCR, Loans, monetary policy, Mortgages, nominal exchange rate appreciation, Singapore, Singapore dollar.\n\n---\n\n Content in this bundle\n\n- Singapore: 2013 Article IV consultation--Staff Report; IMF Country Report 13/328; October 25, 2013\n  - Singapore: 2013 Article IV consultation--Staff Report; IMF Country Report 13/328; October 25, 2013 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Singapore: 2013 Article IV consultation--Staff Report; IMF Country Report 13/328; October 25, 2013 (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
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    "[Markdown version](/en/publications/cr/issues/2016/12/31/singapore-staff-report-for-the-2013-article-iv-consultation-41054/index.md)",
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    "Published: November 14, 2013",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475521054.002",
    "Growth decelerated to 1¼ percent in 2012 before picking up sharply in the first half of 2013.",
    "The near-term outlook is for GDP to grow by 3½ percent in 2013-2014, supported by stronger demand from major advanced economies, despite some softening in regional economies.",
    "The growth slowdown and volatility reflect shifts in G3 (U.S., Europe, and Japan) demand and global risk appetite.",
    "The current account surplus narrowed sharply to a still-high 18½ percent of GDP in 2012.",
    "Key topics addressed include: Banking, Credit, Financial institutions, Housing, Income, Loans, Money, Mortgages, National accounts.",
    "Keywords and analytical signals highlighted: anchor inflation expectation, car price appreciation, Core CPI inflation, CPI-All Items inflation, CR, Credit, equity price, Global, headline inflation, Housing, Income, ISCR, Loans, monetary policy, Mortgages, nominal exchange rate appreciation, Singapore, Singapore dollar.",
    "**Singapore: 2013 Article IV consultation--Staff Report; IMF Country Report 13/328; October 25, 2013**"
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      "title": "Singapore: 2013 Article IV consultation--Staff Report; IMF Country Report 13/328; October 25, 2013",
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