Macroeconomics of Singapore

Running head: MACROECONOMICS OF SINGAPORE
Macroeconomics of Singapore
Name of the Student
Name of the University
Student ID

MACROECONOMICS OF SINGAPORE1
Executive Summary
The report pertains to discussion of macroeconomic concepts of monetary policy, fiscal
policy, inflation, unemployment and international trade. Two articles related to the said topics
have been selected and discussed and analysed in the report and the suitable expansionary
and contractionary polices have been discussed that can mitigate the problems like low
economic growth and high inflation rate. The report, thus thoroughly discussed effects of
monetary policy and fiscal policy on the economy of a country, especially on the economic
components like economic growth, inflation and unemployment.

MACROECONOMICS OF SINGAPORE2
Table of Contents
Introduction................................................................................................................................3
Discussion..................................................................................................................................3
Article 1..................................................................................................................................3
Article 2..................................................................................................................................6
Conclusion..................................................................................................................................8
References..................................................................................................................................9

MACROECONOMICS OF SINGAPORE3
Introduction
Theory of macroeconomics is very important to understand the economic shifts in an
economy. The economics growth, inflation, unemployment and trade are all the concepts of
macroeconomics. In this report, all the above concepts are discussed considering the
economic situation of Singapore. For the discussion, two articles have been selected that are
related to economic growth, international trade, unemployment and inflation. The report
discussed the role of monetary policy and fiscal policy in controlling the economy of the
country. It affects the economic growth and thereby influences the other economic
components of the country such as inflation and unemployment rate. One of the articles
discusses about the occurrence of low economic growth in Singapore and for that effects of
expansionary monetary and fiscal policy is applied and discussed. Monetary and fiscal
policies are also effective for altering inflation and unemployment rate. Therefore, at the end
of the report the concepts of the said macroeconomic concepts would be clear.
Discussion
Article 1
Source
https://www.channelnewsasia.com/news/business/singapore-economy-growth-gdp-q2-
lowest-in-decade-11713694
Summary and Analysis
The article reported that the economy of Singapore is growing at a very low rate and
is recorded as 0.1 per cent in the 2nd quarter, which is the lowest economic growth value of
the decade. The growth rate is even much lower than the forecast of 1.1 per cent made by the
economists. The annual Gross Domestic Product of Singapore has also been affected