46521
Singapore to  Pick Up in 2017
World Economy

Singapore to Pick Up in 2017

Singapore’s economic growth is expected to accelerate next year, supported by accommodative fiscal and monetary policies, but the weak global outlook remained a risk, the International Monetary Fund said, Reuters reported. In its latest “Article IV” assessment of Singapore’s economy, the IMF said growth was expected to slow to 1.7% this year from 2% in 2015, but will pick up to 2.2% in 2017. “Economic activity will be supported by accommodative policies, along with low energy prices and the ongoing global recovery,” the fund said in a statement late on Friday. “However, near-term risks are skewed to the downside, including from slow global and regional growth and spillovers from renewed global financial volatility.” The IMF expected headline inflation to remain negative in 2016, before accelerating to 1.1% in 2017. The fund said the current “expansionary” fiscal stance and the central bank’s latest easing move in April were appropriate.

 

Short URL : http://goo.gl/JG7SZS
  1. http://goo.gl/4valzQ
  • http://goo.gl/B6JsyE
  • http://goo.gl/hril6Y
  • http://goo.gl/75EVtT
  • http://goo.gl/fdrqMe

You can also read ...

Saudi Arabia Facing Uphill Battles
Saudi Crown Prince Mohammed bin Salman’s Vision 2030 scheme...
The popular Tesla Model S is due to sell by the end of this month in China, at which point the price will go up about $20,900.
More than a week has passed since the US and China fired the...
Switzerland has the smallest ratio with 7.2% of GDP.
The shadow economy in Jordan accounted for 17.38% of the GDP...
The bankruptcy of investment bank Lehman Brothers on September...
German Cabinet Warned of Economic Risks
The chief of Germany’s central bank, Jens Weidmann, warned the...
The Bank of Italy revised its growth estimates down to 1.3% for 2018, and to 1% for 2019.
Italy's already weak growth forecasts were revised downwards...
Airbus, AirAsia Discussing $23 Billion Deal
The Malaysian airline, already the second-biggest customer for...
Pakistan Raises Key Interest Rate
Pakistan’s central bank on Saturday raised interest rates by...

Trending

Googleplus