Singapore: Staff Report for the 2004 Article IV Consultation

April 28, 2005

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Singapore: Staff Report for the 2004 Article IV Consultation, (USA: International Monetary Fund, 2005) accessed November 21, 2024

Summary

This 2004 Article IV Consultation highlights that in recent years, Singapore’s economy has been hit hard by a series of external shocks. These shocks—the Asian crisis, the bursting of the technology bubble, and the SARS outbreak in 2003—disrupted an economic expansion largely uninterrupted since the 1970s. The shocks have come at a time when Singapore is also facing increasing competition from regional low-cost economies. Looking ahead, economic activity is expected to moderate to more sustainable levels in the near term.

Subject: Balance of payments, Banking, Competition, Corporate governance, Current account surpluses, Financial markets, Foreign exchange, Income, Labor, National accounts, Real exchange rates, Wages

Keywords: Competition, CR, Current account surpluses, Enterprise, Global, Government, Growth prospect, Income, ISCR, Monetary policy, Monetary policy statement, Real exchange rates, Singapore authorities, Singapore economy, Singapore's pro-enterprise, Surplus, Wages

Publication Details

Pages:

47
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/141
Stock No:

1SGPEA2005002
ISBN:

9781451834239
ISSN:

1934-7685

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