Singapore practically ALREADY in recession.
#1
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Second quarter growth confirmed at minus 3.3 per cent on a quarterly basis, with ‘recession in the third quarter of the year’ a possibility.

https://www.scmp.com/economy/global-econ...-war-slams
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#2
After 2 quarters of downhill . . . citizens already knew it will come.

But it seems that P A P is not prepared for this since last year.
Omnipresent said on 20 Nov 2019, that he purposely harassed me to take revenge for Mr IVRSTI who was banned.
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#3
Its not the recession that is worrying but the lack of ways to get out of recession.

There seems no new engine of growth....and the old ones like property already burn out.
I, being poor, have only my dreams;
I will do my utmost to keep them alive.
Against tyrants and adversity, I will strive.
Together, a better future, we will realise......
[+] 2 users Like sgbuffett's post
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#4
Laughing
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#5
Singapore is becoming like Japan in the 90s maybe worse because we also lost much of manufacturing base.

1 Negative. Demographics.
2. High income inequality
3. Lack of domestic economy and export reliance.
4. High household debt.
5. Japan-like cost structure...high rental, low investment yield, ...
6. Dominance of govt linked business...undynamic dinosaurs pulling down our economy.
7. Lack of innovation...lack of business startups...the vibrant ones like Grab and Gojek are Indonesian and malaysian companies.

These problens arenot new...singapore drifted along until we reach this point....
I, being poor, have only my dreams;
I will do my utmost to keep them alive.
Against tyrants and adversity, I will strive.
Together, a better future, we will realise......
[+] 3 users Like sgbuffett's post
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#6
Reduce salary...reduce cpf contribution....work longer hours...bite the bullet...we can pull thru..will reward and give back what we sacrifice..someone said it...but what happened when economic turn GOOD...employers forgotten our sacrifice and their promises...
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#7
14-8-2019 5:56 PM
sgbuffett said:
Singapore is becoming like Japan in the 90s maybe worse because we also lost much of manufacturing base.

1 Negative. Demographics.
2. High income inequality
3. Lack of domestic economy and export reliance.
4. High household debt.
5. Japan-lile cost structure...high rental, low investment yield, ...
6. Dominance of govt linked business...undynamic dinosaurs pulling down our economy.


P A P created some of the problems themselves.


3. Selling our local pride ie Raffles Hotel, Tiger Beer . . .

4. No jobs, sure high household debts

6. Singapore is #1 with the most Stat Boards/ GLCs etc
Omnipresent said on 20 Nov 2019, that he purposely harassed me to take revenge for Mr IVRSTI who was banned.
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#8
14-8-2019 5:20 PM
Ola said:
After 2 quarters of downhill . . . citizens already knew it will come.

But it seems that P A P is not prepared for this since last year.

Becos these men in whites are releasing ridiculous statistics to show a rosy picture in order to justify their pay pkt. All are shameful beggars n white thieves.
[+] 1 user Likes gemstar's post
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#9
Rolling on the flor laughing Rolling on the flor laughing
now then u know. they have much left lo every time need money just sell n recent 3 years issue so many bonds..
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#10
Once the salaries are increased with effect, growth will be restored.
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