14/10/2008

Outlook in Singapore is a bit Gloomy

Next week is gonna be the final week of exam for Rae. School exam for all schools ends in end October. School holidays for year-end will start in middle of November. Anyone going anywhere? I get worried when I read about Singapore going into technical recession. Property prices have dropped.

I think we all should be tightening our belts and hope that the economy will improve in the next 6 months. New reported that there is bound to have retrenchments, paycuts and bosses might not be paying bonuses.

So I guess the best thing is to save and not spend unnecessarily. Lots of retails in Orchard Road also reported a drop in profits. In the recent news too, due to the financial woes, there maybe more problems linked to depression and anxiety.

Scary, huh.

3 comments:

Shemah said...

Things are definitely in a turmoil globally. Just gotta hope for the best and prepare for the worst I think. Although I would never want the worst to happen. Totally scary.

Purpled Sky said...

This is a global problem, indeed! But let's be optimistic and do our share -- save up! The world market has been though worst times than this.

K3ViN said...

Wish rea good luck.....