Sunday, 28 Nov 2021

Singapore moves to ward off inflation threat as economy recovers

Policymakers have decidedly shifted their focus from pulling the economy out of its worst recession to warding off what they now consider the main threat to financial and economic stability – inflation.

It also means that the outcry over some recent developments such as slowing growth in two of Singapore’s top trading partners, China and the United States, is unlikely to extinguish global demand for goods and services.

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