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

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  • International Monetary Fund
Abstract
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.

Suggested Citation

  • International Monetary Fund, 2012. "Singapore: 2012 Article IV Consultation; Staff Report, Informational Annex, Public Information," IMF Staff Country Reports 2012/248, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2012/248
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=26205
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    Cited by:

    1. Rabah Arezki & Mustapha K. Nabli, 2012. "Natural Resources, Volatility, and Inclusive Growth: Perspectives from the Middle East and North Africa," OxCarre Working Papers 086, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.

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