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IMF Applauds Singapore's Economic, Financial Policies; Says Be Careful About Inflation

Tom Burroughes

18 November 2013

The Federal Reserve and the accompanying turbulence in emerging markets with limited volatility so far. Currency and equity prices weakened only modestly, but long-term interest rates have risen by around 1 percentage point,” the IMF said.

Looking ahead, the IMF predicts Singapore’s GDP will grow by 3.5 per cent in 2013-2014, bolstered by stronger demand from the major advanced economies.