Singapore likely in recession after GDP data: analysts
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3Boys:
Slower economic growth, isn't that what people are asking for?
Those people were asking for 3-4% growth but unfortunately, the government is not good at fine-tune controlling and has let the economy overshot to the downside to 1% growth....haiz....
I guess it is not a bad thing if the unemployment rate don't increase. -
But our food price! MRT and bus fare still pointing up!
:nailbite: -
WeiHan:
Do you think it's like flying an airplane? Set on autopilot and cruise at whatever altitude you want? Tell me which g'ment gets growth forecast exactly the way it wants?3Boys:
Slower economic growth, isn't that what people are asking for?
Those people were asking for 3-4% growth but unfortunately, the government is not good at fine-tune controlling and has let the economy overshot to the downside to 1% growth....haiz....
I guess it is not a bad thing if the unemployment rate don't increase.
Obviously there is uncertainty in the system, which is also very dependent on external factors.
The knee jerk anti-g'ment reactions is very evident. Turn left also cannot, turn right also cannot. Fast growth cannot, slow growth cannot. :stupid: -
3Boys:
Do you think it's like flying an airplane? Set on autopilot and cruise at whatever altitude you want? Tell me which g'ment gets growth forecast exactly the way it wants?WeiHan:
[quote=\"3Boys\"]Slower economic growth, isn't that what people are asking for?
Those people were asking for 3-4% growth but unfortunately, the government is not good at fine-tune controlling and has let the economy overshot to the downside to 1% growth....haiz....
I guess it is not a bad thing if the unemployment rate don't increase.
Obviously there is uncertainty in the system, which is also very dependent on external factors.
The knee jerk anti-g'ment reactions is very evident. Turn left also cannot, turn right also cannot. Fast growth cannot, slow growth cannot. :stupid:[/quote]and becos our government is being paid so much more wah... :evil: :censored: -
WeiHan:
and becos our government is being paid so much more wah... :evil: :censored:[/quote]Unreasonable just say so lar. People won't be satisfied no matter what the g'ment does. Other countries would kill for our economic stability and reserves, Singaporeans just take it for granted and cast stones at every opportunity.
Do you think it's like flying an airplane? Set on autopilot and cruise at whatever altitude you want? Tell me which g'ment gets growth forecast exactly the way it wants?3Boys:
[quote=\"WeiHan\"]
Those people were asking for 3-4% growth but unfortunately, the government is not good at fine-tune controlling and has let the economy overshot to the downside to 1% growth....haiz....
I guess it is not a bad thing if the unemployment rate don't increase.
Obviously there is uncertainty in the system, which is also very dependent on external factors.
The knee jerk anti-g'ment reactions is very evident. Turn left also cannot, turn right also cannot. Fast growth cannot, slow growth cannot. :stupid:
Give some credit where credit is due for once. -
Well, our economy did not fall into a technical recession after all. Most analysts even projected the SGD to close the year around 1.19 to the USD in year 2011 but it closed 1.29 for that year. It just goes to prove that analysts are as good as the man in the street, and I’m not shy to say that I’ve long not tune in to analysts’ forecasts since late year 2008.
We just have to see whether our PM growth forecast of 1.2% will come true in year 2013. It would mean a slight contraction if that happens. But I doubt we will see two consecutive contractions this year quarter-on-quarter thus I’m doubtful there’ll be a recession, technical or otherwise, this year. Yes, there is a labour squeeze due to foreign labour control (thus a tame forecast of 1.2% by the PM I think) right now and there’ll be bumpy rides for sure, what with the US debt ceiling and spending cuts left for the political clowns in the US to fight over. But I’ll view them as trading opportunities when they happen.
Let truth be told - all of you are entitled to your own predictions. So speak your mind freely and willingly and be your own "analyst". -
The fear of recession or unemployment is lost of jobs and income.
All the more, it is necessary to have other sources of income in the event of job lost or no primary income.
Nowadays, one primary job is not the answer, and provides no stability due to the global nature of the economy. -
siao liao... more cooling measures on the property...
I am speculating the prices of the houses will drop alittle more? want u say guys?
Car prices are going up up up...just my hubby predicted... why he never help to predict the winning lottery number?
I'm sure the second hand cars dealers are smiling ! :moneyflies: -
VemmaMom:
When a so called safe investment like property is cool, the money will simply flow into equity market. But Real Estate equities will take a beating first, before recovering.siao liao... more cooling measures on the property...
I am speculating the prices of the houses will drop alittle more? want u say guys?
Car prices are going up up up...just my hubby predicted... why he never help to predict the winning lottery number?
I'm sure the second hand cars dealers are smiling ! :moneyflies:
It is a simple sum of money flowing where investment gives the most ROI.
Hence, HK and SG govt are always implementing cooling measures, esp. in Real Estate, to counter the money flow.
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