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Saturday, March 27, 2010

Economic Recovery In Singapore

It seems like the Singapore economy is heading north once more, what with the rise in COE prices, housing prices, and rental prices (residential and commercial) etc.

These are signs that demand is hot again and the eventual effect is for more jobs to be created and more money being spent on most goods and services.

The downside is for those people who have low skills/education and cannot find a job, they would suffer as the prices of most goods/services go up. Those businesses which sell goods/services that are not popular or are not competitive enough, will also suffer because the business owners face prospects of rising costs, eg rents being increased and employees expecting higher wages.

1 comment:

JC Student said...

True. Signs of recovery everywhere.