Hope you all can see this.. I've never uploaded any photos onto blogger before! Sorry for the hideous colouring.. My scanner can't detect highlighting D: Anyway, this is a recent (Wednesday 7 May) article from TODAY (I know it's tabloid.. but it's also FREE! and delivered to my doorstep XD) about possible preventive measures for the expected economic downturn in Singapore.


Economic Concept
PPC! The whole point of attracting foreigners "particularly those with skills" and having "get more Singaporean babies" as No. 1 priority is so we can shift our PPC. "foreign presence is for the nation's long-term survival" Our economy can only develop further if we have more resources (human resource!). Another avenue for growth is "developing new capabilities and attracting mega projects..which create economic spinoffs" spinoffs like TOURISM (which means more business for retail and f&b and hotels. duh.) (:

It's been speculated that Singapore's economy is already nearing our PPC (maximum productivity) and this may be why we're experiencing inflation. Now I can't claim to know how this works exactly.. but it makes common sense no? When you max out on the production of something (meeting the limit) and everybody is going for the same good.. prices soar? THIS MAY BE HIGHLY INCORRECT! PLEASE DON'T QUOTE ME ON! DISPLAY OF PERSONAL IGNORANCE ONLY!
Disclaimer: PPC diagram is pure guesswork on my part. NO guarantee on accuracy!


Interesting Point
Here's an incentive for you to revise math! "financial industry..major employer in Singapore" Hahaha!
AND.. "Government can bring on projects" "if the domestic contruction industry slackens" hmm.. this might help with unemployment in times of recession (especially unskilled workers who will be hit the hardest) because new projects means there will be new jobs created!
Fiscal policy of "cutting taxes and boosting public spending" AS IF IT WILL MATERIALISE. We may know imposing taxes is ineffective but I personally don't see how the government would cut taxes.. We're talking about nearly a quarter of our country's GDP here! A slight decrease is enough to wound. Anyway we'll probably have to make up for it in another way (less subsidies for education perhaps?)


Word of the Day
wherewithal - the necessary means, especially financial means: didn't have the wherewithal to survive an economic downturn. (THIS I guarantee is accurate!)

Jingwei