Monday, December 8, 2008

Financial Crisis felt in Singapore

Okay. It looks like I spoke too soon about the financial crisis and its impact on Singapore.

Apparently, a new survey has found that even before it was announced that Singapore was in technical recession, Singaporean's greatest fears were unemployment and insufficient food. The survey was based on the consumer attitudes of 7,400 respondents in 10 countries between the months of August and November.

4 out of 10 Singaporeans were afraid of losing their jobs.

The second greatest fear was not having enough food

Nearly three out of 10 Singaporeans said holidays would be the first to go. Next on the list was branded items - which 18 per cent of respondents said they would cut out first - while 13 per cent would forgo high-tech gadgets.

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