Visually provides on-demand access to the world's top designers and copywriters.Learn More About Visually Infographics
Singapore : Vehicle quota and premium, Inflation
Domestic-oriented sectors will again be the primary drivers of growth this year and the next. Major infrastructure projects and residential construction will generate positive spillovers for other sec... tors. Cyclically sensitive industries such as manufacturing, wholesale trade, and financial services are expected to post modest growth, reflecting gradual recovery in external demand. Domestic demand will continue to be the main source of growth, on the back of improving fixed investments and a rebound in government expenditure. Inflation will moderate further but remain above the historical average, owing to tight labor and housing markets (Figure 3.29.7). Overall inflation will likely slow gradually to 3.8% in 2013, within the range of the Monetary Authority of Singapore forecast of 3.5%–4.5% but double the 2% average over the past 2 decades. It is expected to ease to 3.0% in 2014. The forecast assumes that monetary policy will retain its bias toward Singapore dollar appreciation, that measures will be taken to cool the property market and expand housing supply, and that global commodity prices will moderate. Excessive capital inflows may also be a risk for inflation, but the authorities will likely introduce additional macroprudential measures, if necessary.Note: First tender, for vehicles with engines 1,600 cubic centimeters and smaller. Source: CEIC Data Company (accessed 18 March 2013). Asian Development Outlook 2013 - http://www.adb.org/publications/singapore-fact-sheet?ref=about/members
Rank: 3421 of 4890 in Economy
Designed ByUnknown Did you work on this visual? Claim credit!
Switch to Wordpress Code