Singapore, which had a record first- half expansion, said economic activity will probably remain at “high levels” for the rest of the year, adding pressure on business costs and spurring inflation.Singapore’s inflation is likely to accelerate and policy makers should stay vigilant on the outlook for growth and prices, which may require the “further calibration” of monetary policy, the International Monetary Fund said July 23. In its annual assessment of the country’s economy, the IMF said the Singapore dollar appears “somewhat weaker” than its medium-term equilibrium level. Full Story
Related:
Singapore central bank sees rising prices, mild growth - The Malaysian Insider
Singapore predicts inflation rise in second half - Earth Times
S’pore central bank sees rising prices, moderating growth - Malaysia Star
Singapore expansion could spur inflation - Gulfnews.com
