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How to Survive

February 25, 2009, 7:50 pm

Posted by teoyp899 in General

Today reading through yahoo getting to know how recession is getting bad to worse, I don know what’s the causes of it but I am sure is affecting more Singaporeans especially in manufacturing sector as demand for goods drop in its lower point in this decade. Singapore could lose a total of 99,000 jobs during the current recession crisis which I think is almost 5 percent of our country population excluding the young and retirees.

I guess the unemployment in our workforce is much higher than the expected of 5 percent. My dad is also affected as his working days from 6 days a week to maybe 2 or lesser and the whole family only left me who is working through I don contribute much to my household but I still can feel the pinch in my family seeing my parents thinking helplessly how to overcome the daily expense.

I don feel pai sai to post this as I can see this is happening to quite a number of families in Singapore and I also know our government is pumping billions of dollar to save the economic. Just that hope they could give more helping hands to lower income families. Unemployment is likely to hit 4.8 percent this year and peak at 5.0 percent by the middle of 2010, I don really understand what that’s percentages all means the only I know life is getting harder in Singapore.

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