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Singapore facing its worse Recession on Record. All thanks to China!

Pee Sai is a TRAITOR 汉奸， DESERVING CARNAGE PUNISHMENT & TOTAL DESTRUCTION, but China is TOO KIND & CIVILIZED.
 
WTF we pay our ministar so much money for? What they doing to help us?
 
Sinkapore was already in Lee-cession well before Wuhan virus crisis, the pandemic is just the catalyst.
 
whoami said:
The one tat is very wrong is Sinkies themselves. Simply no guts to vote for a change. Go ask those 76% majority. Kpkb 24/7 but still kiasi. Now u look at Msia last GE. Look at the Malay tsunami. They have the balls to vote for Oppie.
Click to expand...
absolutely, it's like a trades man blaming his tools when the his skill itself sucks

everyday all here KPKB with tons and tons of hot air but would never even vote a person like Dr Chee or another into parliament

sinkie chinese talks a lot but no action ..NATO !
 
Boliao said:
Don't be stupid. Even medical experts agrees they cannot determine where the virus originates from. Most research labs, including Cambridge, traced it to Europe but it could have very well been the US but they chose to keep quiet so it is not known as the Virgina virus.
https://abcnews.go.com/US/respirato...community-54-residents-fall/story?id=64275865
https://abcnews.go.com/US/respirato...community-54-residents-fall/story?id=64275865
<iframe src="https://abcnews.go.com/video/embed?id=63806889" width="640" height="360" scrolling="no" style="border:none;" allowfullscreen></iframe>
Click to expand...

We know where the virus came from CHINA

https://www.usatoday.com/story/news...-covid-19-start-experts-say-china/5053783002/

Fact check: Coronavirus originated in China, not elsewhere, researchers and studies say

But nice try! So sorry Chinese Bat Virus spread to whole world

China is not your friend
 
Do you guys remember what were the symptoms of recession of the last known one in 2008-2009 GFC?

I recalled that cars and COE were very cheap, housing was cheap, stocks and shares were at an all time low, many retrenchments, jobless people took 9-12 months to secure a job, bubble tea was dead.
 
Peiweh said:
So there you have it people. The very worse situation in Singapore's history. Today the UK reported -20% GDP figures. The job losses and pain in Singapore is staggering.
And we all have China to thank for this!

https://www.marketwatch.com/story/singapore-facing-its-most-severe-recession-ever-2020-06-10


Singapore is facing its most severe recession ever, due to the shock to supply and demand caused by the Covid-19 pandemic, said Ravi Menon, managing director of the Monetary Authority of Singapore.

The country's gross domestic product for this year is forecast to contract between 7% and 4%, Mr. Menon said in a transcript of a podcast with Tim Adams, president and chief executive officer of Institute of International Finance, on May 28. MAS released the transcript on Thursday.

The MAS's role is mostly aimed at supporting fiscal policy, by easing monetary policy, ensuring smooth functioning of the funding markets and facilitating the flow of credit to the real economy, Mr. Menon said.
On the monetary policy front, the MAS eased the Singapore dollar's rate of appreciation to zero percent, starting at a lower prevailing level of the exchange rate in March, he said. Hence, the exchange rate is at a lower level against a trade-weighted basket of currencies and has been kept stable. This is an accommodative and supportive policy stance, Mr. Menon said.

One of the risks that MAS is quite concerned about is renewed capital outflows from emerging market economies. "They remain vulnerable if there is a round of secondary waves of infections," Mr. Menon said.
Another risk is increased deterioration in credit quality, he said; "There's going to be ratings downgrades."
Click to expand...
So many years enjoy economic grow u never even thank China? :cautious:
 
shockshiok said:
everyday now bad economic news we all COVIDED
Click to expand...
Economy is bad. Energy price is down. But our utilities, rents remains high. Its a bad correlations. Until those are brought down, its difficult to revive the economy.
 
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