Dual economy?
Nice forum here. Would like to know your opinions of the 'dual economy' phenomenon here in Singapore. Some newspaper columnists are saying there are 2 different groups in Singapore - one is mostly unaffected by the downturn while the other is. The unaffected group consists mostly of locals and the affected one is made up of foreigners, all thanks to the government policies of taking care of locals foremost. That is why we still see a booming GSS and housing prices remaining stable, which are evidence that locals are mostly safe from the recession. What are your thoughts?
Last edited by davidtan; 17-06-2009 at 11:22 PM.
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