Singapore’s structural transformation efforts to boost productivity and innovation remain firmly on track, while economic growth is expected to moderate going forward due to softer global growth and easing global tech cycle amid the U.S.-China trade conflict.
Singapore’s structural transformation efforts to boost productivity and innovation remain firmly on track, while the economy is expected to moderate going forward due to the easing global tech cycle and impact of the China-U.S. trade conflict.
Given the increased global and regional interconnectedness, it is important to measure the level of financial stress in regional economies and detect the areas within the financial system that drive the stress levels.
Technological advances have been key in raising sustainable income levels over the longer-term, but their potential adverse distributional effects in relation to wage growth and employment prospects can be a cause for concern.
The 2017 Annual Consultation Report on Singapore provides an assessment of the state of the Singapore economy in 2017, short-term economic outlook, risks and vulnerabilities facing the economy, and policy recommendation.
The Singapore economy has rebounded, led by external demand and a turnaround in trade, and growth is gradually becoming more broad-based, according to the 2017 Annual Consultation Report on Singapore published by the ASEAN+3 Macroeconomic Research Office (AMRO) today.
Singapore’s economic growth is expected to strengthen to around 2.5 percent in 2017, while inflation is expected to be low and stable and the financial system resilient, according to the preliminary assessment by the ASEAN+3 Macroeconomic Research Office (AMRO) after its Annual Consultation Visit to the country from July 6 to 28, 2017.
The ASEAN+3 Macroeconomic Research Office (AMRO) today publishes its 2016 Annual Consultation Report on Singapore, which was prepared on the basis of its Annual Consultation Visit to the country in September 2016 and data availability as of 31 December 2016.
The 2016 Annual Consultation Report on Singapore provides an assessment of the state of the Singapore economy in 2016, short-term economic outlook, risks and vulnerabilities facing the economy, and policy recommendation.
An AMRO mission led by Dr. Sumio Ishikawa conducted this year’s Annual Consultation Visit to Singapore from 8 September to 20 September. Dr. Junhong Chang, AMRO Director, and Dr. Hoe Ee Khor, AMRO Chief Economist, participated in part of the mission.
