Tuesday, May 6, 2008
# - 5:58 AM
With global recession accelerating, an oxymoron in fact, the economy of Singapore and the world at large seems to be in danger. Most of Singapore’s investments are tied up in the US, though banks in Singapore aren’t that hard hit by the subprime crisis. Nonetheless, it is hard to predict what the future of the economy will be with inflation and various problems plaguing the country. Even with the reassurance by the Singapore government that we will be able to face the oncoming challenges, it is hard not to worry.
Singapore has enjoyed relative prosperity after the economic downturn during the late 90s. We have more or less rebounded (although the houses I moved to are getting smaller), pay packages are much better, although inflation is partly responsible. However, in 10-20 years, which will be the period I start working, or not, the economy may have been reduced to naught. Of course, that would be a doomsday theory. Nonetheless, it is hard to predict what the economy is like when my generation reaches the working age.
I just wrote utter rubbish, but i didn't have anything better to do. I finally don't owe any teachers homework. Yay!
