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Botak cheebye mouth telling Sinkies to prepare themselves for sluggish global economy. Limpei cheebye diarrhea mouth botak Apuneh bastard got the temerity to ask us to prepare for mini shock, and than on the other hand, his govt. dump fare hike on us, increase electricity tariffs, incredibly high DBSS flats prices, etc. Like that how to prepare when cost of living keep going up? And isn't it what the people pay you anyway, to manage the economy so that these impacts are minimized. U botak fucker, u arrow back the responsibility on us? Its challenging times like this that u are supposed to earn your high pay, your millions $. U supposed to come up with policies to buffer the people from the effects. Like than any moron can get paid $2000 per month if all he is going to do is to dump the responsibility back on us.
Before the elections, the economy was all rosy according to you and your PAP lackeys. Now, we must prepare for this and that? U got money to spend on FT Apuneh integration, $84 million on FT customer service training, millions $ to keep office and staff for Old Goat and Wooden, etc. Could not all these millions $ have gone to prepare less able singaporeans to withstand these mini shocks u say are coming. How about more social programs, employment programs, etc.? Tharm, if you say the economy is going to slow down, that means there will be less jobs to go around right? If that is the case, why don't you simply send back all the work permit holders? Their jobs can go to singaporeans in times of poor economy.
These are the solutions we pay you for Tharm, not to shoot your cheebye mouth of lecturing sinkies to prepare for impending doom.
DPM Tharman Shanmugaratnam warns Singaporeans of the impact of a sluggish global economy. (AFP file photo)
Deputy Prime Minister Tharman Shanmugaratnam has warned Singaporeans that they should prepare themselves for the impact of a sluggish global economy in the coming months.
However, the Finance Minister said that the fundamentals of the local economy are still strong, and a major global crisis like the one in 2008 is unlikely to happen. DPM Tharman said this when he was commenting on flash estimates for Singapore's economic growth in the second quarter, which was released on Friday.
Gross domestic product (GDP) grew an estimated 0.5 per cent compared with the same period last year. However, it was down sharply from the 9.3 per cent year-on-year growth seen in the first quarter, reported The Sunday Times.
Manufacturing was the main reason for the slowdown as pharmaceuticals production has been falling and demand for semiconductor chips reduced. The earthquake and tsunami in Japan in March also contributed to this drop.
DPM Tharman, who is also Manpower Minister, pointed out that some of these factors are just temporary, and can reverse themselves. Instead, he highlighted the greater worry of structural trends in the global economy.
He said that things are not looking any better in Europe, referring to the fact that several members of the European Union (EU) are on the brink of debt default.
"They are looking worse now than they were six months ago, and much worse than 12 months ago. They are still kicking the can down the road and unless the problems are being resolved decisively, confidence is going to keep ebbing," said the DPM, who was speaking on the sidelines of a fund-raising event at Pathlight School.
"And when confidence ebbs, investors don't put in money. Large-scale corporate investments will be put on hold and that affects economic growth."
He compared this to a similar situation in the United States, which is also battling a debt crisis.
Taking all these factors into account, DPM Tharman said that Singaporeans need to expect sluggish growth in the global environment for "some time to come".
"I don't think we'll get a repeat of the Lehman crisis," he said. "But we have to expect some mini-shocks from time to time that will affect confidence."
The MP for Jurong GRC added that he does not expect the Government's estimate of 5-7 per cent growth to change much, although analysts have revised their growth predictions for the full year.
"We review it every quarter and we are reviewing it now as well," he said. "I don't think we'll see significant adjustment because, like I say, what was a dominant factor in the second quarter results were the temporary factors."
OCBC economist Selena Ling agreed with DPM Tharman's comments, and told the same paper, "In a sense, for Asia, these problems are external but there is still some uncertainty as to whether it is just a global soft patch or a double-dip scenario."
A "double-dip" scenario refers to a recession which is followed by only a short-lived recovery, before another recession hits.
Ling believes that as long as this does not happen, or if there is no sovereign default on the part of a European economy, then the Government's growth forecast for this year can still be achieved
Before the elections, the economy was all rosy according to you and your PAP lackeys. Now, we must prepare for this and that? U got money to spend on FT Apuneh integration, $84 million on FT customer service training, millions $ to keep office and staff for Old Goat and Wooden, etc. Could not all these millions $ have gone to prepare less able singaporeans to withstand these mini shocks u say are coming. How about more social programs, employment programs, etc.? Tharm, if you say the economy is going to slow down, that means there will be less jobs to go around right? If that is the case, why don't you simply send back all the work permit holders? Their jobs can go to singaporeans in times of poor economy.
These are the solutions we pay you for Tharm, not to shoot your cheebye mouth of lecturing sinkies to prepare for impending doom.
DPM Tharman Shanmugaratnam warns Singaporeans of the impact of a sluggish global economy. (AFP file photo)
Deputy Prime Minister Tharman Shanmugaratnam has warned Singaporeans that they should prepare themselves for the impact of a sluggish global economy in the coming months.
However, the Finance Minister said that the fundamentals of the local economy are still strong, and a major global crisis like the one in 2008 is unlikely to happen. DPM Tharman said this when he was commenting on flash estimates for Singapore's economic growth in the second quarter, which was released on Friday.
Gross domestic product (GDP) grew an estimated 0.5 per cent compared with the same period last year. However, it was down sharply from the 9.3 per cent year-on-year growth seen in the first quarter, reported The Sunday Times.
Manufacturing was the main reason for the slowdown as pharmaceuticals production has been falling and demand for semiconductor chips reduced. The earthquake and tsunami in Japan in March also contributed to this drop.
DPM Tharman, who is also Manpower Minister, pointed out that some of these factors are just temporary, and can reverse themselves. Instead, he highlighted the greater worry of structural trends in the global economy.
He said that things are not looking any better in Europe, referring to the fact that several members of the European Union (EU) are on the brink of debt default.
"They are looking worse now than they were six months ago, and much worse than 12 months ago. They are still kicking the can down the road and unless the problems are being resolved decisively, confidence is going to keep ebbing," said the DPM, who was speaking on the sidelines of a fund-raising event at Pathlight School.
"And when confidence ebbs, investors don't put in money. Large-scale corporate investments will be put on hold and that affects economic growth."
He compared this to a similar situation in the United States, which is also battling a debt crisis.
Taking all these factors into account, DPM Tharman said that Singaporeans need to expect sluggish growth in the global environment for "some time to come".
"I don't think we'll get a repeat of the Lehman crisis," he said. "But we have to expect some mini-shocks from time to time that will affect confidence."
The MP for Jurong GRC added that he does not expect the Government's estimate of 5-7 per cent growth to change much, although analysts have revised their growth predictions for the full year.
"We review it every quarter and we are reviewing it now as well," he said. "I don't think we'll see significant adjustment because, like I say, what was a dominant factor in the second quarter results were the temporary factors."
OCBC economist Selena Ling agreed with DPM Tharman's comments, and told the same paper, "In a sense, for Asia, these problems are external but there is still some uncertainty as to whether it is just a global soft patch or a double-dip scenario."
A "double-dip" scenario refers to a recession which is followed by only a short-lived recovery, before another recession hits.
Ling believes that as long as this does not happen, or if there is no sovereign default on the part of a European economy, then the Government's growth forecast for this year can still be achieved
