Singapore's Economy Bounces Back 20% In Q2

[verydumbubba]

This is extremely good news for the entire region, especially for LOS, as it is freeway close.

Get the beer out.

Bubba

Singapore appears to be emerging from its worst recession on record after the economy expanded at an annualised rate of 20.4% between April and June. The rapid expansion compares with a revised contraction of 12.7% in the first quarter from January to March. It was the first quarterly expansion in a year, lifted by increased drug sales and construction activity, said the Ministry of Trade and Industry. However, the government still expects the economy to contract for the year. The government now predicts the economy will decline between 4% and 6% for 2009 as a whole, less than its earlier estimate of a contraction of between 6% and 9%.

http://news.bbc.co.uk/2/hi/business/8149069.stm

[PastEgo]

TiT not singapore

it is like comparing apples and oranges

made me laugh thai economy bouncing back next

[JR Texas]

TiT not singapore

it is like comparing apples and oranges

made me laugh thai economy bouncing back next

Looked at from annual GDP growth rate, Thailand ranks at the bottom in the entire region (think even Myanmar has a greater annual GDP growth rate).

Cambodia, the Philippines, Malaysia, Singapore, Indonesia and Vietnam all have higher annual economic growth rates (not sure about Lao and Myanmar).

The corruption factor in Thailand--along with xenophobia, anti-foreigner climate, anti-foreign investment climate, social unrest, and poorly educated workforce--makes it a place where only a lunatic would invest in.

I do not think one can assume that there is a relationship between what is happening in top notch Singapore and what is going to happen in bottom notch Thailand.

Personally, I think Thailand has not come close to its bottom.......I see very hard times ahead. Why? Because those that can do something are not addressing the root causes of the myriad of economic and social problems in the country.

At best, there will be a calm before a storm. Get ready........the govt. will use the media to convince everyone everything is fine.....but, in the end, it will not work because reality is reality.

[merlion]

TiT not singapore

it is like comparing apples and oranges

made me laugh thai economy bouncing back next

Looked at from annual GDP growth rate, Thailand ranks at the bottom in the entire region (think even Myanmar has a greater annual GDP growth rate).

Cambodia, the Philippines, Malaysia, Singapore, Indonesia and Vietnam all have higher annual economic growth rates (not sure about Lao and Myanmar).

The corruption factor in Thailand--along with xenophobia, anti-foreigner climate, anti-foreign investment climate, social unrest, and poorly educated workforce--makes it a place where only a lunatic would invest in.

I do not think one can assume that there is a relationship between what is happening in top notch Singapore and what is going to happen in bottom notch Thailand.

Personally, I think Thailand has not come close to its bottom.......I see very hard times ahead. Why? Because those that can do something are not addressing the root causes of the myriad of economic and social problems in the country.

At best, there will be a calm before a storm. Get ready........the govt. will use the media to convince everyone everything is fine.....but, in the end, it will not work because reality is reality.

Singapore's stock mkt and property mkt are rallying up now!

[Pushit]

Until the "Old Money" AKA Yellow Shits and the "New Money" AKA Red Shirts stop F@#$ing around like dogs fighting over a bone; Thailands' economy is going will continue to shrink. Thailand has good people who could govern but they don't want to be associated with politico/business scum that are calling the shots be it Thaksin who would sell his mother or Abhisit and his democrat followers who are totally inept.

Amen