Arab Today, arab today imf singapore economy to grow at 18 this year and 25 in 2017
Last Updated : GMT 13:45:24
Arab Today, arab today
Arab Today, arab today

IMF: Singapore economy to grow at 1.8% this year and 2.5% in 2017

Arab Today, arab today

Arab Today, arab today IMF: Singapore economy to grow at 1.8% this year and 2.5% in 2017

IMF: Singapore economy to grow at 1.8% this year and 2.5% in 2017
Singapore - QNA

Singapore's economic growth will slow further to 1.8% this year before improving to 2.5% in 2017, the International Monetary Fund said on Tuesday.

    The IMF said Singapore this year will feel the full impact of the slowdown in global trade and capital outflows experienced in 2015, while private investment will be held back by uncertainties on the horizon.

    On the positive side, said the lender, lower energy prices should support private consumption, government spending has been rising, and external demand should gradually recover.

    But a sharper-than-expected slowdown in global growth "could manifest itself through a significant downshift in China and other large emerging economies as well as weak growth in key advanced economies," it said. These "external risks could be magnified by, and interact with, domestic vulnerabilities from elevated levels of leverage," the IMF said. 

    Private economists polled by the Monetary Authority of Singapore (MAS) have lowered their 2016 GDP forecast to 1.9%. Singapore's GDP growth was 2% last year, the weakest pace since 2009, when the economy contracted 1.3% in 2009.

    If GDP growth does slip below 2% this year, it will mark a new seven-year low. The Government has said it expects the economy to grow by 1 to 3% this year.  The IMF also said that MAS took "appropriate action" when it unexpectedly eased monetary policy last month with its switch to a zero appreciation path for the Singapore dollar.  "The MAS should remain vigilant to signs of deflation and adjust its policy settings further if needed," the IMF said. 

    Consumer prices in Singapore have declined every month since November 2014, the longest slump on record, mostly on lower oil and housing prices.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf singapore economy to grow at 18 this year and 25 in 2017 Arab Today, arab today imf singapore economy to grow at 18 this year and 25 in 2017

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf singapore economy to grow at 18 this year and 25 in 2017 Arab Today, arab today imf singapore economy to grow at 18 this year and 25 in 2017

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday