Singapore in Recession

Hi,

It is reported that Singapore is in a technical recession; ie our growth in the last 2 quarters is negative?

2 weekends ago while we were in Orchard Rd, Takashimaya in Ngee Ann City to be specific, we still saw a lot of people. Unless they were just window shopping and enjoying the free air-con, else we did not think that spore is in recession!

Last weekend, we were having lunch at one of the many Suntec City basement restaurants and we really can sense that there was no crowd and it was a bit deserted indeed. Yes, the recession is here...?

But when we passed by the food court, it was crowded as usual. So maybe, the people have gone there instead or downgraded their lifestyle a bit ....ha...ha...ha...

Whatever it is, I just feel sorry for the lower income people as they are the worst hit .....

As for us, we have always watch our expenses and have a simple but reasonable lifestyle.

BUT I think the children will never really fell it as the parents have a tendency to make sacrifices for them instead; ie cut their own expenses but maintain the children expense....

I have already told Jason that we are not buying us a Wii set for Xmas as originally intended as it would cost something like S$900. We got him a Mulit-Effects gadget for his electric guitar instead.

So Merry Xmas and hopefully, we will have a good ending to this year....