Singapore needs to narrow its huge current account surplus further and the International Monetary Fund supports the government's plans to raise public spending on infrastructure and social services, the IMF said on Thursday.
"Singapore's external position appears to be stronger than warranted by fundamentals, suggesting the importance of further efforts to narrow the current account surplus over the medium term," the IMF said on Thursday in its annual review of economic developments and policies in the wealthy Southeast Asian city-state.
Tagged in:
Commodity Traders
Current Account surplus
Economic Developments
Economic fundamentals and Monetary Policy
Fiscal Policy and Monetary Policy
Fund Management
Inflation CPI
International Monetary Fund IMF
Monetary Authority of Singapore MAS
SGX Singapore Exchange
Singapore Exchange SGX
Singapore Gross Domestic Product GDP
Singapore Private Housing Market
Wealth Management Industry
