S'pore already one foot in recession

[dancingshoes]

‎Singapore‬'s factory output performed dismally last month, declining 6.1 per cent year-on-year - marking the sixth straight month of contraction. This has increased the likelihood of the country entering a technical recession in the third quarter, say economists.

http://www.businesstimes.com.sg/gov...n-looms-with-sharp-drop-in-july-manufacturing

 

[JHolmesJr]

One foot? You are being kind.....the govt wont say anything because it might cause a further tightening of sphincters...but do you see any spending going on at malls....only to some extent at restaurants but mostly the cheapo or mid level ones....entertainment and nightlife also flat...these are the big indicators of disposable income.

 

[soIsee]

Should put 2 feet in and make sure the feet comes from PaP candidates.

On second thought, bury them all with the constant harping of economic growth

Bury the shit about ECONOMIC figures once and for all and ..

Singapore can then really then ..

MOVE ON! LoLOLOL