31 Jan '16, 2am

MP Patrick Tay channels "LKY seat effect", delivers warning about S’pore’s sluggish growth https://t.co/jKKk1rMBHn

You probably know that 2016 is probably going to be a sluggish year for the Singapore economy — after all, recent news of Singapore’s employment growth probably put paid to all the vagueness. Consider these headlines: Click to view story Click to view story And if the usually awkward West Coast GRC MP Patrick Tay , who took the late founding Prime Minister Lee Kuan Yew’s seat in parliament, is also fearing the worst and doing his best LKY-esque warning, You better get out of your seat and hide in your storeroom bomb shelter. So what exactly did Tay say on Jan. 28 in Parliament? The Down – Employment growth in 2015 is down and the lowest in 13 years. Now for the Ups, which are actually downs – Redundancy is up in 2015. – Unemployment is flat but we must not assume it will stay flat or low. Tay expects an uptrend in unemployment especially for PMEs. And how can we weather th...

Full article: http://mothership.sg/2016/01/lky-seat-effect-in-full-swin...

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