Singapore in Danger of Severe Economic Downturn?

[ecureilx]

I don't go there often enough to have noticed the Russian invasion, apart from Top Five - which I've never liked because it's full of Eastern Europeans (few Russians). Any of the bars I visit the Asian girls are still in charge.

Few more outlets in upper floorshave been taken over by EE talents

can we guys do another eagles? all this talk is making me thirsty..

Talk about it.

Drunken Poet ?

[PNGMK]

I'll be up for it.

[ecureilx]

I'll be up for it.

If I can get a head count I can ask for rates.

Plus preferred brews.

[sundaymorningstaple]

Raj, you didn't get my hint the in the other thread about me being thirsty?

I'm in.

[rajagainstthemachine]

Now i did lol, so the solution to fix singapores economic downturn is to drink ones way out of trouble...

[sundaymorningstaple]

Works for me!

[Barnsley]

http://www.straitstimes.com/business/economy/poor-gdp-figures-point-to-long-slowdown-for-spore

Surprisingly poor gross domestic product (GDP) figures yesterday have raised the spectre of a prolonged period of economic pain for Singapore.

Growth was just 0.6 per cent in the July to September period compared with the same quarter a year ago, according to advance estimates from the Ministry of Trade and Industry.

This was sharply lower than economists' estimates of a 1.7 per cent expansion, and the weakest rate of growth since 2009 in the wake of the global financial crisis.

The economy shrank 4.1 per cent in the third quarter compared with the preceding three months - the biggest quarter-on-quarter slump since 2012.

The fact that Singapore is in for a protracted slowdown was borne out by the sombre tone of the Monetary Authority of Singapore's (MAS) latest policy statement, also released yesterday.

MAS keeps monetary policy unchanged

The central bank said economic growth this year will be slower than previously expected, and is "not expected to pick up significantly in 2017".

Still, the MAS stood pat on its zero appreciation policy for the Singapore dollar despite the lacklustre outlook. Economists say it is keeping its powder dry for worse times ahead.

Wonder if the Govt gonna open up the FT taps again?

[Wd40]

I think it is too late to open the taps. There is already high unemployment and more companies want to fire than hire.

I just read news that straits times is going to fire 10% of its staff

http://www.businesstimes.com.sg/compani ... g-exercise

Sent from my Redmi Note 2 using Tapatalk

[sundaymorningstaple]

Frankly speaking, they could probably fire 20% and nobody would notice any difference. If fact, it could be better as it will allow them to get rid of the "journos" and I use the term loosely.

[Strong Eagle]

I just read news that straits times is going to fire 10% of its staff

That's because the gahmen is now going to write their stories for them.