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Growth forecast cut to -5%

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  • #1

    Growth forecast cut to -5%

    SINGAPORE, which is facing its 'sharpest, deepest and most protracted recession' from the fast-deteriorating global economy, further revised its GDP growth forecast on Wednesday to between -5 per cent and -2 per cent this year............more at http://www.straitstimes.com/Breaking...ry_328894.html
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    I own a Rolex !
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  • #2
    hang cheng sibei pai !!!

    after CNY, even more jia lat
    "The release of atom power has changed everything except our way of thinking...
    the solution to this problem lies in the heart of mankind.
    If only I had known, I should have become a watchmaker." ALBERT EINSTEIN (1879-1955)

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    • #3
      I would say nearer to -5% or even more...

      Recently, bird-flu killed 4 in China. If... it really becomes like SARS period again with a global pandemic. Plus hang cheng already sibei pai... -10% also possible.
      The ArmchairEconomist

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      • #4
        Why must wait after CNY? Now already jia lat...

        Originally posted by ping3288 View Post
        hang cheng sibei pai !!!

        after CNY, even more jia lat

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        • #5
          SINGAPORE is suffering its deepest recession since independence
          I own a Rolex !

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          • #6
            Since we are so deep now, we should all buy the deepsea now!

            Originally posted by Paneraii View Post
            SINGAPORE is suffering its deepest recession since independence

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            • #7
              Originally posted by 116520 View Post
              Since we are so deep now, we should all buy the deepsea now!
              Nabei.. buy deepsea... me gg jump the deep deep sea liaos lo... cham liaos
              *****************************
              A bad day of fishing is still better than a good day at the office.


              Just me and my NT...

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              • #8
                Originally posted by louisoh View Post
                Nabei.. buy deepsea... me gg jump the deep deep sea liaos lo... cham liaos
                Hope you are fine bro.
                Rolex stainless steel daytona (black dial)
                Rolex LV submariner
                Rolex TT black submariner
                Rolex GMT2 Pepsi
                Rolex Non date submariner
                Rolex Explorer2
                More...

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                • #9
                  Originally posted by louisoh View Post
                  Nabei.. buy deepsea... me gg jump the deep deep sea liaos lo... cham liaos
                  yeah..i heard yr competitors all cutting staff...hpe yr side ok bro...
                  I can resist anything but temptation. - Oscar Wilde

                  Current collection
                  A.Lange & Sohne Grand Langematik
                  Audemars Piguet ROO
                  Blancpain Fifty Fathoms (Dark Knight)
                  De Bethune Titan Hawk (DB27)
                  Habring2 Pilot Time Date
                  Harry Winston Midnight Big Date
                  Hublot Aerobang Skeleton
                  IWC Portuguese Perpetual Calendar
                  Panerai 270
                  Patek Philippe 5711/1a
                  Rolex 116610LV
                  Vacheron Constantin Overseas

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                  • #10
                    In the bank sector?


                    Originally posted by wolfeyes1974 View Post
                    yeah..i heard yr competitors all cutting staff...hpe yr side ok bro...

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                    • #11
                      My gut feeling credit crunch .

                      Property will crash after CNY .

                      Alot of bankruptcy after cny when banks ask for top up .
                      1675/16610/116234/78240
                      Ball CM1092C-S1J-BR/NT BLUE MARKER
                      Hublot BB ASF
                      PAM 104J
                      Sinn 903 H2
                      Tutima Chrono Fx LE/RXW
                      U-boat classico AS-classico AB (53mm)
                      If you pick up a starving dog and nurse him well, he will not bite you; that is the principal difference between a dog and a man.

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                      • #12
                        Property crash, Stock market crash, the end of the world, no more Rolex???

                        Originally posted by marineguy8888 View Post
                        My gut feeling credit crunch .

                        Property will crash after CNY .

                        Alot of bankruptcy after cny when banks ask for top up .

                        Comment

                        • #13
                          You be surprised. Rolex will be there. The value will never drop.
                          I own a Rolex !

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