## Singapore: Staff Report for the 2013 Article IV Consultation

_IMF Staff Country Reports, November 14, 2013_

## Source details

**Canonical URL:** [Singapore: Staff Report for the 2013 Article IV Consultation](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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- [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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## Bibliographic details
- Published: November 14, 2013
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475521054.002

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### Growth performance and outlook
- 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.

### External balances
- The current account surplus narrowed sharply to a still-high 18½ percent of GDP in 2012.

### Analytical focus and subjects covered
- 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.

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## Content in this bundle

- **Singapore: 2013 Article IV consultation--Staff Report; IMF Country Report 13/328; October 25, 2013**
  - [Singapore: 2013 Article IV consultation--Staff Report; IMF Country Report 13/328; October 25, 2013 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2013/_cr13328.pdf.md){rel="alternate" type="text/markdown"}
  - [Singapore: 2013 Article IV consultation--Staff Report; IMF Country Report 13/328; October 25, 2013 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2013/_cr13328.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/singapore-staff-report-for-the-2013-article-iv-consultation-41054_