Singapore: Staff Report for the 2005 Article IV Consultation

May 4, 2006

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Format: Chicago

Singapore: Staff Report for the 2005 Article IV Consultation, (USA: International Monetary Fund, 2006) accessed October 11, 2024

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.

Subject: Balance of payments, Budget planning and preparation, Current account surpluses, Exchange rate flexibility, Exchange rates, Fiscal policy, Foreign exchange, Inflation, Prices, Public financial management (PFM)

Keywords: Budget planning and preparation, CR, Current account surpluses, Economy, Exchange rate, Exchange rate flexibility, Exchange rates, Global, Inflation, Investment decision, ISCR, Monetary policy, Outlook of the economy, Policy stance, Saving-investment gap, Singapore, Singapore economy

Publication Details

Pages:

44
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/150
Stock No:

1SGPEA2006001
ISBN:

9781451834246
ISSN:

1934-7685

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