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.

CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.