Singapore Officially In Recession

March 30th, 2009 - In Singapore Politics & Economy, Singapore Work

Once an Asian economic success story, Singapore is now officially in recession. Its decline has come as a shock to many Singaporeans, who now face job losses and pay cuts. Hundreds of thousands of foreign workers may also be forced to return home.

Is this the end of growing Singapore? Find out!

Photo by Flickr

Singapore Officially In Recession

Todays, 30th March 2009 Singapore Expat News come from “ABC News Australia“.

Now with Singapore being in an official recession as well, things might turn ugly soon. The ABC team made interviews with all sorts of different personalities over Singapore to see and evaluate the thoughts and mindsets of local business owners, students and workers regarding the upcoming more difficult times.

• Article: Singapore Officially In Recession (Read It Here)

• Archive: Singapore Expat News (Read All Our News Articles Here)

Comments: How Are You Effected By The Recession In Singapore?

Are you a business owner who faces customer decline and shorts in revenues, or are you a fresh graduate who wont be able to find a good job now?

Please write down your thoughts in the comments below!

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