Singapore: Staff Report for the 2005 Article IV Consultation
Volume/Issue:
Volume 2006
Issue 150
Publication date: May 2006
ISBN: 9781451834246
$20.00
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Topics covered in this book
This title contains information about the following subjects.
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Exports and Imports , Inflation , Public Finance , ISCR , CR , Singapore , Singapore economy , monetary policy , exchange rate , economy , saving-investment gap , policy stance , investment decision , outlook of the economy , Exchange rates , Current account surpluses , Exchange rate flexibility , Budget planning and preparation , Inflation , Global
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Summary
This 2005 Article IV Consultation highlights that Singapore’s economy has recovered rapidly since mid-2003, having weathered a series of adverse shocks since the Asian crisis. This turnaround owes much to a favorable external environment, supportive macroeconomic policies, and continued structural reforms. Although growth moderated in 2005, the strength of economic activity has been on the upside. Much of the stronger activity reflects higher-than-expected external demand for pharmaceuticals and oil exploration equipment. With stronger-than-expected economic activity, the fiscal outturn for FY2005/06 is likely to be better than budgeted.
