Singapore: Staff Report for the 2003 Article IV Consultation
IMF Staff Country Reports, April 26, 2004
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- Singapore: Staff Report for the 2003 Article IV Consultation
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Bibliographic details
- Published: April 26, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451834888.002
Economic conditions and outlook
- The economic downturns and an ongoing industrial restructuring toward capital-intensive sectors, such as chemical and pharmaceuticals, have contributed to rising unemployment.
- With the economic recovery continuing to gain momentum, the near-term outlook has improved.
- There was broad agreement on the assessment of the economic outlook during discussions.
Policy discussions and structural reform priorities
- Discussions focused on:
- The appropriate policy stance.
- Structural reforms needed to raise Singapore’s medium-term growth potential.
- The authorities are encouraged to:
- Develop and publish fiscal accounts.
- Provide more information on the government’s investment income.
Key subject areas and keywords
- Subjects: Economic growth, Economic recession, Exports, Financial Sector Assessment Program, Financial sector policy and analysis, Fiscal policy, Imports, International trade.
- Keywords: balance, central government budget, CR, Economic recession, economy, economy well, Exports, Financial Sector Assessment Program, GDP outturn, Global, Imports, ISCR, monetary policy stance, outturn, personal income tax rate, Singapore, tax exemption, tax rate.