Skip to main content

Government officials will never ask you to transfer money or disclose bank log-in details over a phone call.

Call the 24/7 ScamShield Helpline at 1799 if you are unsure if something is a scam.

Ministry of Trade and Industry
  1. Home
  2. Resources
  3. Economic Survey of Singapore
  4. Economic Survey of Singapore and Feature Articles
  5. Is Smoother Always Better? Understanding Singapore's Volatility-Growth Relationship
Feature Articles

Is Smoother Always Better? Understanding Singapore's Volatility-Growth Relationship

19 February 2010

This article has been migrated from an earlier version of the site and may display formatting inconsistencies.

As a small open economy, economic growth in Singapore has been volatile over the past four decades. Business cycle fluctuations appear to have become more pronounced, with Singapore experiencing three recessions (1998, 2001 and 2009) in the past 15 years, in contrast to only one recession (1985) between 1965 and 1995. This perceived increase in growth volatility has led to discussions on two fronts.

Download for the full article [PDF, 500 KB]

Back to top