Macroeconomics Analysis Report: Singapore Economy and Fiscal Policy

This report provides a comprehensive macroeconomic analysis of the Singapore economy, focusing on two articles. The first article discusses rising consumer prices due to recovering oil prices, exploring concepts like RGDP, inflation, cost-push inflation, recession, aggregate demand, and fiscal policy. It analyzes how expansionary fiscal policy can combat recession. The second article examines Singapore's technical recession, caused by weak global growth and market volatility, and US election's result. The report defines key economic terms and analyzes the impact of these factors on Singapore's economy, including the government's responses through fiscal policies like tax rebates and infrastructure spending. The analysis uses aggregate demand and supply models to illustrate the economic impacts and policy implications, concluding with the effectiveness of expansionary policies.