Wednesday 8th Feb 2012 01:57 PM
RECESSION - How is IT impacting you?
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Fri, 10/10/2008 - 13:39
It's official! Recession has finally begun here in Singapore (although many say that it has already crept in silently much before)
SINGAPORE (AFP) - Oct 10 - Singapore's trade-sensitive economy has declined for a second straight quarter, the government said Friday, meaning the city-state has entered a recession for the first time in six years.
SINGAPORE, Oct 9 - Singapore's labour chief said on Thursday retrenchments and wage cuts in the city-state are likely if the global downturn continues, state television reported on its website.
Share your views pple:
- More news to share?
- How it is directly impacting you (at home/work)
- Belt-tightening, any tips?
So far, it hasn't hit home, we're not changing our lifestyle habits yet, but with all the negative press, pple read it and get scared, and thus there's a lot of panic reactions. Productivity-wise, employees either work very hard to keep their jobs & retrenchment at bay, or adopt heck-care attitudes coz they are resigned to their fate, thinking it's a lull period anyway (first-hand experience, I have friends in the related sector telling me that)
Recession = Does it mean that prices (e.g. necessities, fuel etc) will come down? Or still on an uphill climb?
i don't feel a thing leh.....
neither do i...
although the news report everyday is about the global financial crisis, but everything seems fine over here...
Theres a delayed effect...Now we may not feel it yet...come 2009, things will get even worse.
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reports of retrenchment are quite common nowadays...hmmm...the impact is coming slowly...