<![CDATA[Singapore likely in recession after GDP data: analysts]]>SINGAPORE - Singapore likely slipped into recession in the three months to December, analysts told AFP on Monday, as data showed growth in 2012 came in lower than expected.


In his New Year's message, Prime Minister Lee Hsien Loong said \"growth was slower this year, at 1.2 percent\", which is well off the official growth forecast of 1.5-2.5 percent.

However, CIMB Research economist Song Seng Wun said the figures for the year indicate the economy shrank 3.5 to 4.0 percent quarter on quarter in October-December, which followed a contraction of 5.9 percent in the previous three months.

Two consecutive quarters of contraction point to a technical recession.

\"It's basically just the magnitude of (the recession) rather than if,\" he told AFP..............


http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/1245308/1/.html

]]>https://forum.kiasuparents.com/topic/48489/singapore-likely-in-recession-after-gdp-data-analystsRSS for NodeFri, 19 Jun 2026 02:11:19 GMTMon, 31 Dec 2012 15:30:17 GMT60<![CDATA[Reply to Singapore likely in recession after GDP data: analysts on Sat, 12 Jan 2013 15:02:40 GMT]]>

VemmaMom:
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:
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.

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.

]]>https://forum.kiasuparents.com/post/936467https://forum.kiasuparents.com/post/936467Sat, 12 Jan 2013 15:02:40 GMT<![CDATA[Reply to Singapore likely in recession after GDP data: analysts on Sat, 12 Jan 2013 03:06:53 GMT]]>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:

]]>https://forum.kiasuparents.com/post/936106https://forum.kiasuparents.com/post/936106Sat, 12 Jan 2013 03:06:53 GMT<![CDATA[Reply to Singapore likely in recession after GDP data: analysts on Sat, 05 Jan 2013 15:14:29 GMT]]>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.

]]>https://forum.kiasuparents.com/post/931029https://forum.kiasuparents.com/post/931029Sat, 05 Jan 2013 15:14:29 GMT<![CDATA[Reply to Singapore likely in recession after GDP data: analysts on Wed, 02 Jan 2013 16:37:41 GMT]]>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".

]]>https://forum.kiasuparents.com/post/928393https://forum.kiasuparents.com/post/928393Wed, 02 Jan 2013 16:37:41 GMT<![CDATA[Reply to Singapore likely in recession after GDP data: analysts on Wed, 02 Jan 2013 12:58:14 GMT]]>

WeiHan:
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.

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?

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:

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.

Give some credit where credit is due for once.

]]>https://forum.kiasuparents.com/post/928235https://forum.kiasuparents.com/post/928235Wed, 02 Jan 2013 12:58:14 GMT<![CDATA[Reply to Singapore likely in recession after GDP data: analysts on Wed, 02 Jan 2013 11:46:02 GMT]]>

3Boys:
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.

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?

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:

]]>https://forum.kiasuparents.com/post/928181https://forum.kiasuparents.com/post/928181Wed, 02 Jan 2013 11:46:02 GMT<![CDATA[Reply to Singapore likely in recession after GDP data: analysts on Wed, 02 Jan 2013 09:37:16 GMT]]>

WeiHan:
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.

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?

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:

]]>https://forum.kiasuparents.com/post/928099https://forum.kiasuparents.com/post/928099Wed, 02 Jan 2013 09:37:16 GMT<![CDATA[Reply to Singapore likely in recession after GDP data: analysts on Wed, 02 Jan 2013 09:23:35 GMT]]>But our food price! MRT and bus fare still pointing up! 😓 :nailbite:

]]>https://forum.kiasuparents.com/post/928090https://forum.kiasuparents.com/post/928090Wed, 02 Jan 2013 09:23:35 GMT<![CDATA[Reply to Singapore likely in recession after GDP data: analysts on Wed, 02 Jan 2013 07:48:41 GMT]]>

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.

]]>https://forum.kiasuparents.com/post/928016https://forum.kiasuparents.com/post/928016Wed, 02 Jan 2013 07:48:41 GMT<![CDATA[Reply to Singapore likely in recession after GDP data: analysts on Wed, 02 Jan 2013 03:23:31 GMT]]>

sleepy:
if economy slows down, market sentiment will be affected. STI will drop, COE will drop, property price will drop. So slowing economy may not be a bad thing afterall, as long job still intact.


Anyway there isn't exactly huge increment even during good times. Only inflation went up but salary stays put.
But when economy drops and MNC face lowered profits/loss,they cut costs - aka move elsewhere cheaper, reduce manpower, at best do not expand or take up new projects . So some jobs will have to take a beating. And a big drop in new openings.

As they say be careful what you wish for....

Home and car are long term items. If property market crashes , then all those who have bought homes (a vast majority i presume) will suffer. I will take option2 anytime.

]]>https://forum.kiasuparents.com/post/927790https://forum.kiasuparents.com/post/927790Wed, 02 Jan 2013 03:23:31 GMT<![CDATA[Reply to Singapore likely in recession after GDP data: analysts on Wed, 02 Jan 2013 03:08:41 GMT]]>Cross fingers for the prices of cars n housing drops! :xedfingers:

]]>https://forum.kiasuparents.com/post/927779https://forum.kiasuparents.com/post/927779Wed, 02 Jan 2013 03:08:41 GMT<![CDATA[Reply to Singapore likely in recession after GDP data: analysts on Tue, 01 Jan 2013 02:55:31 GMT]]>if economy slows down, market sentiment will be affected. STI will drop, COE will drop, property price will drop. So slowing economy may not be a bad thing afterall, as long job still intact.


Anyway there isn’t exactly huge increment even during good times. Only inflation went up but salary stays put.

]]>https://forum.kiasuparents.com/post/927182https://forum.kiasuparents.com/post/927182Tue, 01 Jan 2013 02:55:31 GMT<![CDATA[Reply to Singapore likely in recession after GDP data: analysts on Tue, 01 Jan 2013 02:51:30 GMT]]>Looking at current big ticket items like housing & cars, is enough to send hand to mouth salaried folks into depression.

]]>https://forum.kiasuparents.com/post/927177https://forum.kiasuparents.com/post/927177Tue, 01 Jan 2013 02:51:30 GMT<![CDATA[Reply to Singapore likely in recession after GDP data: analysts on Tue, 01 Jan 2013 02:48:41 GMT]]>inflation will be lower ?

]]>https://forum.kiasuparents.com/post/927171https://forum.kiasuparents.com/post/927171Tue, 01 Jan 2013 02:48:41 GMT<![CDATA[Reply to Singapore likely in recession after GDP data: analysts on Tue, 01 Jan 2013 02:30:30 GMT]]>Slower economic growth, isn’t that what people are asking for?

]]>https://forum.kiasuparents.com/post/927154https://forum.kiasuparents.com/post/927154Tue, 01 Jan 2013 02:30:30 GMT