皇冠怎么注册用户www.hg108.vip)皇冠怎么注册用户?皇冠真会员、代理注册其实很简单。访问网址www.hg108.vip,点击注册,然后充值USDT(需要实现到欧易平台购买到USDT),充值成功后,页面会展示账号资料给您。hg108.vip是皇冠正网在线上开设使用USDT充值、USDT结算的直营平台,资金安全,匿名性高。

SINGAPORE: The pain from surging inflation can turn something as desirable as economic growth or its potential into a subject of controversy.

So when policymakers refer to the fact that Singapore’s economy is operating “slightly” above its potential, conclusions are drawn that the economy is probably overheating – that is, growing at an unsustainable rate, which will trigger runaway inflation.

Yes, gross domestic product (GDP) has been growing at an above-trend pace since emerging from the 2020 recession and inflation has been running at its highest levels in more than a decade in recent months.

But the reality is a bit more nuanced. Historical data suggests that neither the GDP growth rate nor inflation is anywhere near levels that would risk the economy overheating.

Selena Ling, chief economist at Oversea-Chinese Banking Corp, said: “Inflation is rising but growth is slowing. That means stagflation is a more plausible risk than overheating.”

But stagflation usually involves not just persistently high inflation and low growth but also high unemployment and stagnant demand, which is not the case right now, she added.

DBS Bank senior economist Irvin Seah said: “Inflation is a problem, yes. But are we overheating? My answer is no.”

,

Telegram群聊机器人www.tel8.vip)是一个Telegram群组分享平台。Telegram群聊机器人导出包括Telegram群聊机器人、Telegram群组索引、Telegram群组导航、新加坡Telegram群组、Telegram中文群组、Telegram群组(其他)、Telegram 美国 群组、Telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。Telegram群聊机器人为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。

,

Potential GDP is an estimate of the value of output the economy would produce with efficient utilisation of available capital and labour resources. At potential, the economy is supposed to generate steady growth and stable inflation.

Estimates of potential GDP move in tandem with changes in new investment flows and the size of the labour force, which suffered as a large number of foreign workers left amid the Covid-19-induced economic downturn.

So potential GDP could have been compressed from estimates before the pandemic as sectors such as services, travel and construction had pared their operations due to the Covid-19 curbs.

According to the Monetary Authority of Singapore (MAS), the output gap – the difference between actual output and potential output – closed some time in late 2021 when curbs on gatherings, dining out, travel and construction were still effective.

That proves that it was only the export-driven sector such as manufacturing and wholesale that helped push output to potential.

Seah said: “If there is overheating, it is only in some parts of the economy, like manufacturing. The service sector has only just started to grow.”

The MAS still did not take any chances and since October last year has tightened monetary policy three times, pushing the trade-weighted Singapore dollar up to absorb part of import prices – the primary source of inflation here.

With most of the pandemic restrictions relaxed in the second quarter, it should come as no surprise that “the economy is operating at slightly above potential”, as stated by Finance Minister Lawrence Wong on July 4.

Allbet声明:该文看法仅代表作者自己,与本平台无关。转载请注明:皇冠怎么注册用户(www.hg108.vip):Singapore’s economy ‘not at risk’ of overheating
发布评论

分享到:

欧博体育官方入口:7、8月小心异位性皮肤炎大爆发!营养师3提醒抗敏防发炎
你是第一个吃螃蟹的人
发表评论

◎欢迎参与讨论,请在这里发表您的看法、交流您的观点。