Singapore : Staff Report for the 2011 Article IV Consultation.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2012/042

IMF country report ; no. 12/42

IMF Staff Country Reports

Language:

English

Subjects (All):

Singapore--Economic conditions.

Singapore.

Physical Description:

1 online resource (49 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2012.

Language Note:

English

Summary:

Singapore’s economy is slowing against the backdrop of a deteriorating external environment and a softening of exports. The main near-term risks are a protracted slowdown in advanced economies and a sharp increase in global financial stress. Given Singapore’s openness, these shocks would hit the economy severely through weaker exports, reduced capital inflows, slower credit, and a fall in financial market activity. The authorities have sufficient policy space to deploy a decisive response in case these risks materialize. A rapid increase in foreign currency lending may also raise the risk of funding strains.

Contents:

""Cover""; ""CONTENTS""; ""NEAR-TERM OUTLOOK""; ""A. Context: Slowing Growth Amidst a Turbulent Global Environment""; ""B. Near-Term Outlook and the Policy Mix""; ""C. Risks to the Outlook and Transmission of Spillovers""; ""POLICY CHALLENGES IN THE NEAR TERM""; ""A. Managing Spillovers from an External Downside Scenario""; ""B. Credit Growth""; ""C. Are Rising Property Prices a Concern?""; ""THE MEDIUM-TERM AGENDA: TOWARDS MORE BALANCED AND INCLUSIVE GROWTH""; ""A. The External Position and Rebalancing""; ""B. Making Growth More Inclusive""; ""STAFF APPRAISAL""; ""BOXES""

""1. Policies to Address Rising Housing Prices""""2. CPF-Related Benefits and Workfare Schemes""; ""FIGURES""; ""1. Economic Activity is Slowing""; ""2. Singapore is Highly Vulnerable to External Trade and Financial Spillovers""; ""3. Exposures to Euro Area Banks are Moderate Relative to Banking System Assets""; ""4. Credit Has Been Growing Rapidly""; ""5. Financial and Private Sector Balance Sheets Remain Sound""; ""6. Housing Prices are Moderating""; ""7. Inequality is Rising""; ""TABLES""; ""1. Selected Economic and Financial Indicators, 2006�12""; ""2. Balance of Payments, 2006�12""

""3. Monetary Survey, 2008�11""""4. Indicators of Vulnerability, 2006�11""; ""5. Summary of Central Government Operations and Stock Positions, 2007/08�2011/12""; ""6. Medium-Term Scenario, 2006�16""; ""7. Financial Soundness Indicators�Local Banking Sector, 2006�11""; ""CONTENTS""; ""I. FUND RELATIONS""; ""II. STATISTICAL ISSUES""

Notes:

Description based upon print version of record.

Description based on print version record.

ISBN:

9781463945671

1463945671

9781463978471

1463978472