Discussion Forum

We would like to share with you some news we read online this morning: 

The International Monetary Foundation (IMF) said in its annual review of Singapore’s economy that Singapore’s economic growth is set to weaken this year due to weaker global demand and problems stemming from the euro zone debt crisis. 

The fund forecasts that Singapore's economy will grow by about 3.5 per cent in 2013 and that she has ample policy room and other protective measures to deal with the effects of a slowing economy.

It also added that inflation, which is currently at around 4.5 per cent, would likely remain under pressure.

Read the full story at, “Singapore economy slowed by weaker global demand: IMF”.