Economists said yesterday that GDP growth in Singapore will slow greatly in Q4 and in 2009, asking SMEs to brace up for a possibility of a worst-case contraction next year. Citing synchronized global slowdown, the performers in the corporate sector will be those that are not heavily in debt. Also, while job creation looks to slow, employment is unlikely to fall sharply with the integrated resorts contributing jobs, and the construction sector expecting to cushion, though not offset, recessionary effects.
Worst may not be over for Asia Investors hoping for a quick rebound of Asian bourses may be in for a disappointment, according to a well regarded fund manager...
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