Singapore: Staff Report for the 2003 Article IV Consultation

April 26, 2004

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Singapore: Staff Report for the 2003 Article IV Consultation, (USA: International Monetary Fund, 2004) accessed November 23, 2024

Summary

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. With broad agreement on the assessment of the economic outlook, the discussions focused on the appropriate policy stance and on structural reforms needed to raise Singapore’s medium-term growth potential. The authorities are encouraged to develop and publish fiscal accounts, and to provide more information on the government’s investment income.

Subject: 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

Publication Details

Pages:

49
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/105
Stock No:

1SPGEA0032004
ISBN:

9781451834888
ISSN:

1934-7685

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