Originally Posted by Unregistered

Given that the previous year there was -0.8% growth. The real growth over that year is only around 5.6%.
For example let say SG's GDP is 100Bil in 2008.

-0.8% in 2009 means GDP= 92Bil
14.8% in 2010 means GDP=92*1.148 = 105.6Bil.

Means from 2008 to 2010, only around 5.6% real growth. I suspect the bonus is pegged to growth lah, but got other factors also. But typically bonus goes down when economy not doing well, goes up when the economy is actually growing or govt trying to expand internal consumption to react to deflationary pressure.