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Slow down of economy in Singapore

Yes this is some thing that we can feel on the ground. Business has been slowing down to a trickle, less than half of what it used to be and this is feedbacks from several business owner from different industry such as F&B, Services industry, retails and more.

The problem is that the slow down has started since after the Chinese New Year, which means it has been more than 6 months since the slow down has begun.

I doubt the goverment has no knowledge about this seeing how govt. assisted loan has been hitting the market for SME owners. 

How bad will things be this time round? We can only wait and see.

SINGAPORE – Companies in Singapore were the most pessimistic among their Asian peers in the third quarter, a Thomson Reuters/Insead survey revealed yesterday, as concerns over slowing economic growth, weak global demand, manpower shortage and a flagging oil… Credits: S’pore business sentiment crumbles amid domestic, global concerns

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