Post by zuolun on Mar 20, 2015 12:04:08 GMT 7
Coming 2 to 3 years are going to get rough for job seekers in various industry sectors especially finance, oil and gas, IT and possibly construction.
Recently listed Swee Hong Construction and local old timer HexaGroup have went into judicial management. This came as a shock to the other local construction companies.
For the next 2 or 3 years, BCA will lower the amount of infrastructures and buildings works. Normally, infrastructures spending will rise during a recession (practised by Singapore, Australia, Japan, etc..). A recession is deemed to be with 3 quarters of negative growth. Singapore is in a technical recession.
Nonetheless a high US dollar is a boost for electronic exports with US$ income. Electronic exporters will become the driving engine for the slowing Singapore economy.
A bright spark amid the shadow of darkness.
~ A decisive bearish breakout