Bank of Singapore's Jerram Says Singapore Economy Stable

The transcript discusses the economic situation, highlighting growth and deflation risks. It examines Singapore's economic risks, focusing on inflation, housing, and government spending. The discussion shifts to productivity and manufacturing, noting Singapore's efforts to enhance productivity and the volatility of manufacturing data. Finally, the Bank of Korea's monetary policy is analyzed, considering inflation and household debt challenges.

What is the current global economic trend according to the first section?

• Deflation is increasing.

• Inflation is out of control.

• Trade is improving and deflation risk is fading.

• Economic growth is declining.

How has Singapore managed its domestic economy?

• By increasing taxes.

• By allowing the housing bubble to grow.

• By preventing a housing bubble and using government spending.

• By reducing government spending.

What is Singapore's strategy to improve productivity?

• Focusing on training schemes and investment incentives.

• Reducing government projects.

• Increasing imported labor.

• Increasing dependency on global trade.

What is the concern regarding Singapore's manufacturing sector?

• It is growing too fast.

• It is too dependent on high-value products.

• It is not contributing to GDP.

• It has slumped but is not a major concern.

What is the Bank of Korea's current policy stance?

• They are increasing government spending.

• They are maintaining the current rate.

• They are reducing interest rates.

• They are tightening the policy.

What is the main reason for the rise in headline inflation in Korea?

• Decrease in global trade.

• Increase in technology prices.

• Base effect from oil prices.

• Increase in food prices.

What structural issues does Korea face in its domestic economy?

• Lack of technology.

• Excessive government intervention.

• Structural problems and high household debt.

• Over-reliance on agriculture.