This 2013 Article IV Consultation highlights that since the robust recovery from the global financial crisis, Singaporeas growth momentum has eased and become more erratic. Growth decelerated to 1A¼ 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 18A½ percent of GDP in 2012. The near-term outlook is for GDP to grow by 3A½ percent in 2013-2014, supported by stronger demand from major advanced economies, despite some softening in regional economies.Date Other Macroprudential Measures March 2009 Unsecured Credit: Financial institutions will be required to conduct comprehensive checks with the credit bureau before granting each new credit card, charge card or unsecured credit facility.
|Title||:||Singapore: Staff Report for the 2013 Article IV Consultation|
|Author||:||International Monetary Fund. Asia and Pacific Dept|
|Publisher||:||International Monetary Fund - 2013-11-14|