... looking at such graphs can literally make your heartbeat fluctuate wildly as you listen to the economist's perspective on the current economic crisis... the worst is yet to come! *shudderz* throughout the entire 1hr or so, he painted a bleak picture for at least the next 18-24mths. :(All the charts flashed were equally dramatic, with the last quarter of 2008 falling off the cliff sharply downwards to new lows. The only graph that shows the other direction was the unemployment rates rising sharply UP in Q4'2008.
... it's SCARY ...
2 comments:
Sometimes I think the media plays it up too much and then it becomes a self-fullfilling profecy. Malls and all are still packed. Looks like people are still spending, so it cant be all that bad, right?
*keeping my fingers crossed*
i think the media has already censored quite a bit, sheltering the S'poreans. i'm afraid that things are worse than what we expect... the full impact hasn't hit home yet at the individual level in S'pore. The signs on the economic impact are showing already in the manufacturing sector (foreign workers are 1st to hit), if u pass by the PSA port, you'll notice that the containers are stacked to 3 levels height, during normal times, as one of the world's busiest ports, it's usually stacked to 6 levels height.. Things are worst in Europe & USA.. even middle east region is not spared..
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