These insights are part of AMRO’s 2023 annual consultation report on Singapore, based on the organisation’s visit to Singapore from May 9 to June 5, with data and information available up to June 16.
Singapore’s economy is expected to grow at a moderate pace in 2023, with inflation moderating but still likely to be elevated in the near term, say economists at the Asean +3 Macroeconomic Research Office (AMRO).
As such, the macroeconomic watchdog says that maintaining a tight monetary policy stance is critical to anchor inflationary expectations while the government provides targeted fiscal support to alleviate the increase in the cost of living.
