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Coffeeshop Chit Chat - How long Sg recession</TD><TD id=msgunetc noWrap align=right>
Subscribe </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE cellSpacing=0 cellPadding=0 border=0><TBODY><TR class=msghead><TD class=msgF noWrap align=right width="1%">From: </TD><TD class=msgFname noWrap width="68%">killpappy <NOBR></NOBR> </TD><TD class=msgDate noWrap align=right width="30%">10:37 pm </TD></TR><TR class=msghead><TD class=msgT noWrap align=right width="1%" height=20>To: </TD><TD class=msgTname noWrap width="68%">ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 1) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft width="1%" rowSpan=4> </TD><TD class=wintiny noWrap align=right>5049.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>Eighty percent of top corporate executives in the country predict the economy will hit bottom in 2010 or later, according to a Yomiuri Shimbun survey.
In the survey of the heads of 30 major companies, 24 said the economy, which has been slowing down, would hit its lowest point in 2010 or later.
Only five said it would happen by the end of this year.
Twenty-nine presidents predicted the 2009 real economic growth rate would be negative, with 12 saying the rate would be lower than minus 1 percent.
The government has forecast no growth for fiscal 2009 in real terms.
The Yomiuri survey showed, therefore, that the heads of the major companies were more pessimistic about the growth rate than the government.
Asked about the current state of the economy, 28 executives said it was clearly declining, while two said it was gradually declining. All of those surveyed agreed that the economy was in recession.
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In the survey of the heads of 30 major companies, 24 said the economy, which has been slowing down, would hit its lowest point in 2010 or later.
Only five said it would happen by the end of this year.
Twenty-nine presidents predicted the 2009 real economic growth rate would be negative, with 12 saying the rate would be lower than minus 1 percent.
The government has forecast no growth for fiscal 2009 in real terms.
The Yomiuri survey showed, therefore, that the heads of the major companies were more pessimistic about the growth rate than the government.
Asked about the current state of the economy, 28 executives said it was clearly declining, while two said it was gradually declining. All of those surveyed agreed that the economy was in recession.
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