This article is featured in Special Feature: Raising Cities

During periods of rapid economic growth and urbanisation, young women tend to outnumber young men in cities as the former are more likely to migrate from rural areas to urban areas.

This article is featured in Special Feature: Raising Cities

This article is being featured in Special Feature: From Living to Thriving

It sounds like a truism, but the economy works best when there is price stability — when inflation is low, stable and predictable. This is because people and businesses are better able to plan how they save, spend and invest, which are needed to help the economy to grow.

Even when global markets are increasingly volatile and economies fluctuate, Singapore’s monetary-policy framework continues to remain effective in maintaining price stability here. 

Innovation is the key to sustained economic prosperity. Beyond the production of greater output and higher productivity levels, innovation can also lead to a higher quality of living (through wage increase, and job satisfaction levels) as well as social benefits such as inclusion.  However, the journey towards innovation-based growth is not an easy one and countries today are facing the extra hurdle of overcoming the challenges caused by the global pandemic, rising inflation rates and climate change.