Singapore - Annual Report 2007
Singapore's economic growth may ease in the coming quarters as the global economy weakens and as inflationary pressures persist, said Goh Chok Tong, the chairman of the Monetary Authority of Singapore, in the institution's latest annual report.
A jump in inflation is a cause for concern, said the chairman. CPI inflation reached 6.6% in the first quarter of 2008. It was 2.1% last year and 1% in 2006.
Volatility in global financial markets and the threat of even higher inflation mean that the
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