Businesses can go to covid.gobusiness.gov.sg for more information regarding the temporary suspension of activities. 

For more information on special travel arrangements that Singapore has implemented with other countries/regions, please go to https://safetravel.ica.gov.sg.

X
A Singapore Government Agency Website
AA
A
A

Global Deflation Risks in 2009

Global Deflation Risks in 2009

GLOBAL DEFLATION RISKS IN 2009

Just a few months ago, the prospect of stagflation loomed over the global economy. Economic growth was rapidly slowing down because of the financial crisis, while commodity prices hit unprecedented heights, creating sharp inflationary pressures in Singapore and other economies. Since then, a confluence of factors such as declining oil and commodity prices and the global economic slowdown has resulted in rapid falls in the inflation rates of many economies, thereby raising the spectre of deflation. This box discusses issues related to the causes and costs of deflation drawing from past experiences of deflation.

Click here for the full article.

add HOME ABOUT US IMPROVING TRADE TRANSFORMING INDUSTRIES NEWSROOM RESOURCES LEGISLATION CAREERS
Contact Us Feedback FAQs