bullish

Singapore Economics: Focus Shifts to Structural Challenges

329 Views30 Jul 2024 15:12
SUMMARY
  • 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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