Despite setbacks in manufacturing and exports, Singapore's cyclical position is likely to stabilize on the back of improved investment flows and easing inflation.
This has allowed the monetary policy to keep its policy settings unchanged as it maintains a "wait-and-see" stance pending external developments.
Policymakers will thus focus on long-term economic strategies to bolster competitiveness and resilience, including finalizing the upcoming Singapore-Johor special economic zone.
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