AMRO：2025年新加坡年度磋商报告（英文版）（66页）.pdf

1、 ASEAN+3 Macroeconomic Research Office(AMRO)December 2025 AMRO Annual Consultation Report Singapore-2025 AMRO Country Report ACR/25-12 ANNUAL CONSULTATION REPORT SINGAPORE 2025 ASEAN+3 Macroeconomic Research Office(AMRO)Page 1 of 64 Acknowledgments 1.This Annual Consultation Report on Singapore has

2、been prepared in accordance with the functions of AMRO to monitor and assess the macroeconomic status and financial soundness of its members;identify relevant risks and vulnerabilities;report these to member authorities;and if requested,assist them in mitigating these risks through the timely formul

3、ation of policy recommendations.This is being done in accordance with Article 3(a)and(b)of the AMRO Agreement.2.This Report is drafted on the basis of the Annual Consultation Visit of AMRO to Singapore from August 11 September 5,2025(Article 5(b)of the AMRO Agreement).The AMRO Mission team was led b

4、y Dr.Runchana Pongsaparn,Group Head and Lead Economist.Members included Pim-orn Wacharaprapapong,Economist(Country Desk Economist);Koon Hui Tee,Senior Economist;Catharine Kho,Senior Economist;Yoki Okawa,Economist;Leilei Lu,Economist;and Laura Britt Fermo,Senior Economist.AMRO Director Yasuto Watanab

5、e and Chief Economist Dr.Dong He participated in key policy meetings and courtesy calls with the authorities.This AMRO Annual Consultation Report on Singapore for 2025 was peer reviewed by a group of economists from AMROs Country Surveillance,Financial Surveillance,and Fiscal Surveillance teams;endo

6、rsed by the Policy and Review Group;and approved by Dr.Dong He,AMRO Chief Economist.3.The analysis in this Report is based on information available up to November 24,2025.4.By making any designation of or reference to a particular territory or geographical area,or by using the term“member”or“country