SINGAPORE – The pain from surging inflation can turn something as desirable as economic growth or its potential into a subject of controversy.
So when policymakers refer to the fact that Singapore’s economy is operating “slightly” above its potential, conclusions are drawn that the economy is probably overheating – that is, growing at an unsustainable rate that will trigger runaway inflation.
source https://netdace.com/latest-news/inflation-rising-but-spore-economy-not-at-risk-of-overheating-experts/