Singapore News

News from Singapore

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)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: