Economic Meltdown
| The worlds economy is going to the dogs again. Many countries around the world including the mighty Singapore have declared recession and that its going to get worst next year. I read a report saying that Singapore think that it will take at least 2 years before things gets back to normal again. The good thing about how the Singaporean government is handling it is that its telling the companies to retrain their staff and not to simply lay them off. Thats one of many initiatives taken to put in some damage control into a horrible situation. Closer to home, the government have re-iterated that our economy is strong and its build on solid foundations and we are not effected by the global meltdown. I personally think that this time around the situation is different from the last slowdown. The variables are different and some serious measure must be taken to ensure that the average Malaysian is not effected too badly! I read a report at Malaysiakini from a former aide to Tun M. In his blog he dared officials with a reward of RM5000 to prove him wrong but none did. What are your thoughts?? ARE WE IN DEEP SHIT OR IS OUR ECONOMY THE HULK OF THE WORLD? Source - http://www.abinesh.com/delirium/posts/economic-meltdown/#more-2920 |
posted by Francis Xavier at 1:31 PM
