A warning from the International Monetary Fund this past Wednesday stated that continuation of a period of slow growth in the worldwide economy poses a critical short term risk for the trade oriented economy of Singapore Bellewoods.

In a recent visit to the prosperous city-state, division chief of IMF, Alex Mourmouras, drew attention to how exposed Singapore is to outside risks and volatility due to an economy that is extremely open. He further added that global financial conditions, and their related side effects, can have a large impact. Such side effects include a persistence in the strength of the U.S. dollar, a rise in volatile finances, and China’s slowdown in growth and financial risks.

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Mourmouras stated that such external risks could be further aggravated by a rise in the corporate and household sectors’ indebtedness that came as a result of the global financial crisis. In 2014’s third …