30 Apr '14, 3am

’Pricey in #Singapore’ unlikely to last #MAS #cost

THE Monetary Authority of Singapore's (MAS) latest macroeconomic review gives a positive if sobering picture of the economic outlook: While prospects for the global economy have brightened, a mix of cyclical and structural factors will continue to affect Singapore's growth profile as it pushes on with restructuring efforts. Cost pressures are not expected to abate anytime soon. For most readers, however, what probably caught attention in particular in the 99-page report was a little feature on consumer price differentials that says much about the strength of the Singapore economy. No doubt prompted by an Economist Intelligence Unit survey published early last month that - quite curiously - ranked Singapore as the world's most expensive city to live in, the MAS and the Ministry of Trade and Industry jointly commissioned a study on the extent to which prices of international...

Full article: http://www.cpf.gov.sg/imsavvy/infohub_article.asp?readid=...

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