IMF Executive Board Concludes 2015 Article IV Consultation with Singapore
On July 15, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the
Article IV consultation with Singapore.1
As Singapore celebrates its 50th Anniversary this August, its economy continues to deliver strong
noninflationary growth will full employment. Growth moderated to 2.9 percent in 2014 from
4.4 percent in 2013, on the back of the slow global recovery, domestic restructuring, and the
turning of credit and housing cycles. Inflation declined to 1 percent in 2014 from 2.4 percent in