Recession is coming to town.
It sure looks like a recession is coming to our shores.
First our GDP has disappointed.
Singapore Q3 GDP grows 0.6% year-on-year, below expectations
And yesterday exports continue to contract in a big fashion Month on month and year on year.
Singapore October exports contract 12% in worse than expected slump
It's no joke, when recession hits, many people will suffer pretty badly financially. If the recent crash and defaults in Oil n Gas companies in Singapore have shown us anything, it is that many investors invest in companies they don't understand or in financial products they know next to nothing about.
Whilst most people are getting concerned, value investors will be rejoicing. There are many things to buy during a recession, but most importantly there has to be cash in the bank. Get ready, shopping season will be starting soon.
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