OG: Sinkapore must prepare for deep recession.
#21
26-3-2020 1:40 PM
Justrade said:
They should allow debt repayment to be stretched for 6 to 12 months without any penalty during a pandemic.

but will banks dare to issue out newdebts
?
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#22
26-3-2020 12:47 PM
ysh02 said:
What is the scenario we call deep recession ?.....All ktv** ,Cinema , night club and bar closed ? Temple, Mosque and Church closed ? people stay at home eat Meggie mee ?

When GDP is declining for few quarters should call deep recession.
笨拙的人讲道理,聪明的人说故事。
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#23
26-3-2020 12:34 PM
ysh02 said:
President will open the Singapore save take out some reserves to give the citizen....CPF will maybe allow to take some money out earlier to spend too !
loser

Above this, ministers need to hv their pay cut at least half. This wil be beneficial for well being of economy. President must take decisive actions on this.
[+] 1 user Likes gemstar's post
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#24
26-3-2020 2:02 PM
gemstar said:
Above this, ministers need to hv their pay cut at least half. This wil be beneficial for well being of economy. President must take decisive actions on this.

The president should just walk her talk of do good do together by resigning. That will save Singapore millions and the role is redundant.
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#25
Bad bad years ahead.
Jobs lost.
Even harder to get a new jobs.
[+] 1 user Likes hfourhappy's post
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#26
26-3-2020 2:49 PM
hfourhappy said:
Bad bad years ahead.
Jobs lost.
Even harder to get a new jobs.
Crying
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#27
Laughing
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#28
Resilient budget has declared.
Sell on news. Crying

This is not Financial Crisis, yet still using FC antidote.
笨拙的人讲道理,聪明的人说故事。
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#29
26-3-2020 12:05 PM
sogo said:
[Image: 861225.jpeg]

Singapore's economy suffered its biggest contraction in a decade in the first quarter, data showed on Thursday, as the coronavirus pandemic prompted the city-state to cut its full-year GDP forecast and plan for a deep recession. Singapore is one of the world's most open economies and one of

https://sg.finance.yahoo.com/news/singap...41196.html

Crying Crying


Quote:"This could well be the worst recession ever on record for Singapore," said Irvin Seah, senior economist at Singapore's biggest bank DBS, predicting a 2.8% full-year contraction.

Wow, the DBS economist predict this recession to be the worst in Singapore history, worse than AFC recession.

Private property price dropped 20% in the last recession, hopefully this recession the price dropped by over 40% like the AFC recession.
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#30
26-3-2020 2:02 PM
gemstar said:
Above this, ministers need to hv their pay cut at least half. This wil be beneficial for well being of economy. President must take decisive actions on this.

Saw the cna latest saying 3 months pay out?
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