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Economics Tuition: Explain why inflation can remain high despite a slowdown in economic growth in Singapore

by Simon Ng | Aug 10, 2015 | Economic Growth, Economics Tuition, Inflation, JC Economics Essays, Macroeconomics | 0 comments

Singapore experienced a quarterly growth rate of -0.7% from April to June 2012. However during the same period, inflation rate remained high at about 5%. Explain why inflation can remain high despite a slowdown in economic growth in Singapore. [10] Introduction...