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Archive for March, 2009

Brace for tougher times

Posted by jtsmyth8 on March 20, 2009

Singapore is headed for worse economic times. Out of Asia, Singapore’s economy is expected to retract by 5% going into 2010. Our neighbors are also faring poorly. Thailand is facing its worst recession in 11 years following major drops in exported goods.

The lucky ones are the Philippines and Indonesia. Both countries are expected to experience modest growth. Falling commodity prices are expected to impact their economic exports.

Singaporean analysts project the economy will start to turn around in 2010 once the financial stimulus begins to have an impact. (link)

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