include("cmp.php");

Singapore economy shrank 0.2% quarter on quarter

These news reports came out 11th to 12th of August 2022.

Ever since this negative GDP news came up, the government would be trying to avoid a technical recession as the next quarter if it’s negative, it’s a technical recession.

The only way looking from 2005 to present 2022 the PAP government, knows how to “grow the economy” through its policies are via “population growth”.

For the last 2 to 3 weeks, after the news of economy shrinkage of Q2, the government have been going on and on about “talent”, “top talent”, “global talent”, “new work pass” etc.

This sounds like economical & policy desperation from and by the government, the trade off would come at social & societal costs such as further rising & inflated costs of living together with stagnating wages, income and salary…

The People’s Action Party government could be in trouble from a social, political & economics sense of things to come…

 

Prabu Ramachandran

 

 

yyy
READER COMMENTS BELOW

20 Responses to “Singapore economy shrank 0.2% quarter on quarter”

  • Harder Truths:

    Ah..I see more taxes and charges to make up for the Regime’s shortfall in their salaries. The loyal $inkie-born voters must make this sacrifice for their beloved leeders and new FT citizens who are the incoming owners of this rotten little rock.

    GD Star Rating
    loading...
  • xoxo:

    The economic shrinkage is now just due to Covid effects.
    Our NATIONAL PRODUCTIVITY HAS NOT BEEN PICKING UP EVEN AS G REPLACES MORE N MORE SG-PMEs with INCREASING NUMBER$ OF SO-CALLED FTs over the past 20 years.

    And,with low productivity,we can expect SLOWING OF GROWTH.

    We have so many MPA-holders from Harvard n other top-ranking ANGMOH varsities RUINING our smallish economy at the HELM.
    LOOK AT *UMBRAGE!*,DE$mond the Quack,even ministers.

    Li Ka Shing was never schooled like them.
    Elite$?
    How?

    GD Star Rating
    loading...
  • Free money era ending:

    Because of America low interest rate, low interest rate money flood the world. Singapore banks has offer low interest in the past to businesses and home borrower which cause economy to grow. Now America interest hike will end the era of free and cheap money. America is going to harvest the world, suck all money back to America. America will suck dry the world money, the blood of economy. Singapore has and will rise its interest rate to prevent capital flight, so imagine what happens when the economy money or blood is suck dry. High interest rate means high cost for businesses. Business depend on cheap money will face financial problems. The world is likely to face recession so will Singapore depending on cheap money. Endgame. Checkmate.

    GD Star Rating
    loading...
  • idontbelieveinccpbs:

    PAPPY only strategy is to import and convert foreigners into GDP growth and votes. If all their plans of technology, innovations etc work, Singapore is already the top 1 city in Asia.

    If you can see, import of foreigners are driving up consumption, property and cost of living. This translates to GDP growth and more local PMETs being driven out of jobs.

    GD Star Rating
    loading...
  • High COL:

    The COL has been going up.
    Need to bring it down for Singaporean.
    Usually high COL is make worse by rich FT who set new high benchmark for everything.
    Foolish to let thing continue like this.
    Just like the 40M Coffee shop will not cause food price to go up?
    Wishful thinking.

    GD Star Rating
    loading...
  • NotMyProblem:

    Now LW is in India to negotiate for more CECA. Just watch out for more FTs from South Asia coming!

    GD Star Rating
    loading...
  • John Doe:

    Humans lives live on, and uses money to survive, esp under this dastard PAP Administration.
    But the PAP Administration use money on human lives to ACHIEVE HEGEMONIC aims of to control and manipulate Singaporeans.
    That’s how they concentrate their brains, day IN day OUT to KEEP themselves IN POWER INSTEAD OF develop human potential OF SINGAPOREANS.
    And when smarter opposition politicians query and challenged them – THEY use laws and Parliament to PROTECT their NO BLAME CULTURE TO FREE THEM from responsibility of making mistakes.

    Singaporeans ARE SHIT to the PAP.

    GD Star Rating
    loading...
  • Lawrence Wong talking cock:

    Straits Times:DPM Lawrence Wong talks life priorities with young S’poreans

    The top piority for young Singaporeans is to know the WHOLE TRUTH so they can make a well-informed decision on the future of Singapore. They should demand OPENNESS AND TRANSPARENCY IN THE PUBLIC SECTOR TO KNOW THE WHOLE TRUTH.

    This will most likely require REGIME CHANGE because PAP is “opaque”. It treats Singaporeans like “growing mushrooms” – kept in the dark and fed with a lot of shit (self-serving propaganda).

    Openness and transparency is needed for real accountability and for free and fair elections.

    GD Star Rating
    loading...
  • stupid citizens vote pap:

    ceca is wrong.

    pap continues to BS ceca is right.

    if ceca is right, India is not the slum it is now. so, how can ceca be right?

    also note this.

    in the report, ceca land continues to be a land of rapists.

    Yes, a land of RAPISTs.

    even 80 years old nun they rape.

    Worse, after raping, they often burn up the victim.

    and pap says ceca is right for sinkies.

    truly, only stupid sinkies vote pap.

    GD Star Rating
    loading...
  • Support alternative parties:

    Our once beautiful,clean & green SG , is digressing by the day.
    How can it be progressing like the PM and his ministars like us to believe…
    Become a dumping ground for all manner of foreign trash, rich and poor.
    For many of us PGs and MGs what we see is so saddening and depressing.
    We dont expect Our SG to be like it was as before , but we wanted to see a SG thats better for all SGs ..esp trublus who worked bloody hard , giving their blood, sweat and tears for this country.
    Well, it works both ways…our votes are going to the alternative parties..had been in fact for the last 3 to 4 GEs.
    They need our support to grow stronger.

    GD Star Rating
    loading...
  • Priority:

    Priority is to better the life of its Citizen.
    It is getting worse for many with the high COL.

    GD Star Rating
    loading...
  • John Doe:

    Did a PAP Administration Minister Lawless Wong lied to SGpns tt SG won’t fall into a recession in 2023?

    GD Star Rating
    loading...
  • SINGAROAR:

    If there is a recession looming, shouldn’t taxes and interest rates be reduced? GST should not be increased in 2023.

    GD Star Rating
    loading...
  • Jin:

    The best gift that can bring along when

    We go is good memories and trust.

    GD Star Rating
    loading...
  • stupid citizens vote pap:

    SINGAROAR:
    If there is a recession looming, shouldn’t taxes and interest rates be reduced? GST should not be increased in 2023.

    A genuinely caring government, in bad times such as now, shall not only NOT raise GST, it also reduces GST.

    hahaha.

    Stupid citizens such as Free Rider not only say pap must raise GST, they are also asking pap to raise it more.

    hahaha.

    So stupid. They blame their parents for their stupidity.

    GD Star Rating
    loading...
  • Occupy Parliament:

    SINGAROAR:
    If there is a recession looming, shouldn’t taxes and interest rates be reduced? GST should not be increased in 2023.

    SG is a RESILIENT built PAP society whose SURVIVAL REPEATED Many times by them is BASED on OPENNESS to foreigners. But when they failed to grasp the benefits of Globalisation which many other countries did, they blamed on tech advances, the resolve of which is CECA.

    GD Star Rating
    loading...
  • SINGAROAR:

    @Occupy Parliament
    We can have an openness to foreigners policy but it is madness to keep increasing the resident population in a State that is reliant on imports for its food. As global warming continues,there is going to be a global shortage of food.India has already placed a ban on export of certain categories of rice.Malaysia stopped the export of its chickens and though Indonesia filled the gap,the price of chicken is rising. The authorities claim that we have our own 30% of food. If this is accurate, then why are prices rising drastically.Even bankers who moved here from Hong Kong want to return back. The PAP is raising prices by bringing in foreigners. Landed properties are on a runaway price, not reflecting true value. Is it the intention of the govt. to do the same with food?

    GD Star Rating
    loading...
  • SINGAROAR:

    @PAP mandate strong
    Agreed that Hong Kong’s economy is also suffering but they are not increasing their resident population and they have China as their hinterland.So their access to food will be easier than us.

    GD Star Rating
    loading...
  • PAP mandate strong:

    HK before reunification always have been free market and open economy. Even if food doesnt comes from China. They can easily import from all over the world. Prices maybe slightly higher only.

    In the early days HK also have substantial farmers in … is it in 新界. Seafood needless to say.

    Only water exception which China over charge.

    GD Star Rating
    loading...

Leave a Reply

 characters available


Scroll Down For More Interesting Stuff


Member Services
Self-SupportMembers LoginSelf-Support
Sponsored Advertisement
Search On TR Emeritus
Sponsored Advertisement
Announcement
Advertisements
Visitors Statistic
Latest Statistic

UA-67043412-1