IMF Flags Risks to Singapore’s Economic Outlook

A “protracted period of slower growth” in the global economy is the most important short-term risk to Singapore’s trade-oriented economy, the International Monetary Fund (IMF) warned on Wednesday.

“As a city state with a very open economy, Singapore is exposed to external volatility and risks,” Alex Mourmouras, division chief at the IMF, wrote in a statement after a visit to the wealthy city-state.

“Side effects from global financial conditions, such as a surge in financial volatility and persistent U.S. dollar strength, and a growth slowdown and financial risks in China…have an important impact,” he noted.