A stronger Singapore dollar is likely to weigh on export momentum, but it may be 'precisely' what the country needs to cool inflation, an economist told CNBC.
Singapore's economy is "definitely operating above its potential" as it continues to face labor shortages from the pandemic and strong manufacturing activity, according to Brian Tan, senior regional economist at Barclays.
Although a stronger Singapore dollar is likely to weigh on export momentum, Tan said it could be "precisely" what the country needs to cool some of the inflation pressures.
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