Quote:
Originally Posted by Tony Stark
The western world lumps the whole Asia as one. If one continent is not doing well. They assume the rest of Asia is the same. All the signs are already here. US subprime mortgage crisis and recession. Oil and food hikes. There'll be a lapse before recession comes to Singapore. By year end. That's my guess. I see many Singaporeans yaya papaya spending like crazy believing the SG government. Haha.  |
There are reasons why SG gov says that there will be no reccession for Singapore this year.
1. Casinos coming next year.
2. Youth Olympics in 2010.
3. Terminal 4 coming soon.
4. Singapore have a Strong Reserved that will always inject big project when time is bad.
5. Actually Singaporean spending money will also help to avoid reccession.