Preliminary Q1 GDP data from Singapore were stunningly strong and, as we had expected, encouraged the authorities to tighten monetary policy by allowing the currency to appreciate. Economic growth will almost certainly ease back during the rest of 2010 but the upswing should not come under serious threat. The Singapore dollar should climb further against the US dollar, especially once China allows resumed renminbi appreciation, which we anticipate will happen from mid-year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services