Daily Archives: 2009-05-02

V-shaped, U-shaped, L-shaped, deep U, fat U…

There is no V-shaped; now the optimistic scenario is a U-shaped recovery, a deep U, a fat U, and if we are lucky, gradually recovering from the later part of this year or early next year.  But if we are not lucky, it could be an L-shaped problem – economy is still shrinking, after a while it doesn’t shrink so …

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Stress lines

In a downturn, we are concerned that minorities, non-Chinese workers will be more affected because larger proportions of the Malay and Indian workers have lower skills and lower skilled workers are more vulnerable. PM Lee Hsien Loong

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