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Singapore: Staff Report for the 2013 Article IV Consultation

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  • International Monetary Fund

Abstract

This 2013 Article IV Consultation highlights that since the robust recovery from the global financial crisis, Singapore’s growth momentum has eased and become more erratic. Growth decelerated to 1¼ percent in 2012 before picking up sharply in the first half of 2013. This reflects shifts in G3 (U.S., Europe, and Japan) demand and global risk appetite. At the same time, the current account surplus narrowed sharply to a still-high 18½ percent of GDP in 2012. The near-term outlook is for GDP to grow by 3½ percent in 2013-2014, supported by stronger demand from major advanced economies, despite some softening in regional economies.

Suggested Citation

  • International Monetary Fund, 2013. "Singapore: Staff Report for the 2013 Article IV Consultation," IMF Staff Country Reports 2013/328, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2013/328
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=41054
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    Cited by:

    1. Salim M. Darbar & Xiaoyong Wu, 2016. "Experiences with Macroprudential Policy — Five Case Studies," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 7(03), pages 1-34, October.

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