Why Singapore's recovery will take at least 3 years

• Stevenson101

  22 Mar 09, 21:22

  Originally posted by TooFree:

  Because Singapore is an export oriented country. With the global economic crisis surfaces and particularly in America where the Americans hesistant to spend on consumer products, no doubt that the world economic would remain stagnant for a period of time until the American’s banks resume their lending policies.

   

  Alternatively, the chinese people in Mainland China should be encourage to spend to stimulate the economic domestically and if possible to spend on foreign goods which offer value for money and quality products.

  Seriously i don't see the Chinese going to ever match the American's consumption rate, at least not the current generation.

• pearlie27

  24 Mar 09, 21:10

  Wah, we have so many economists here!
• charlize

  24 Mar 09, 21:13

  Originally posted by pearlie27:

  Wah, we have so many economists here!

   

  Economists have predicted 8 of the last 4 recessions. 

• pearlie27

  24 Mar 09, 21:21

  Predicted 8 of the last 4 recessions? Then they are doomsayers not economists!
• charlize

  24 Mar 09, 21:23

  Originally posted by pearlie27:

  Predicted 8 of the last 4 recessions? Then they are doomsayers not economists!

  It's a common economist joke.

   

  Just like lawyer jokes and computer engineer jokes.