The recession creep is here, this sneaky fellow smuggling into Singapore to cause havocs.
The first ime in 6 years since 2002. 6 years only? Good times never last. It takes only 6 years to go from bloom to doom.
Singapore is the first Asian country to fall into a recession since the crisis started. Japan is teetering on one, and New Zealand slid into a recession in the second quarter for the first time in more than a decade.
We have to be the first remember? First in everything including recession, there is no way we are going to let anyone beat us to it. And we got it now. We are the first in the race.
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