More people are losing their jobs in Singapore. It looks like many companies are not doing well especially those in the oil and gas industries. The growth of 5 to 6% a year is something of the past. According to the prime minister this years growth will be about 2% to 3 % which is not "bad".
If you look around, a lot of eateries,restaurants, shopping malls are not as crowded as they used to be.
Those who are out of jobs do not have the means to spend while others are cautious not to spend too much.
The last recessions were back in 2009 and 2003 and Singapore was not spared. I lost my job during the 2003 SARS period and am not employed ever since.
This 54 year old lady lost her job recently and you may read about her story here.
If you look around, a lot of eateries,restaurants, shopping malls are not as crowded as they used to be.
Those who are out of jobs do not have the means to spend while others are cautious not to spend too much.
The last recessions were back in 2009 and 2003 and Singapore was not spared. I lost my job during the 2003 SARS period and am not employed ever since.
This 54 year old lady lost her job recently and you may read about her story here.
