Tuesday, November 26, 2019

Recession already here, says survey

Puchong, 26 Nov: The experts, including from Bank Negara, have been telling us that 2019 won't be a recession year. Well, according to the latest survey by Nielsen, 3 out of 4 Malaysians think that our great economy is already in a Recession.
But it's not doomsday. Nielsen, the research firm, tells us that these Malaysians are also  optimistic that better days lie not too far ahead. Give the economy a year, at the latest, they say. It also helps that Malaysians are generally prudent spenders, according to Nielsen.
Read the entire article h e r e.

I'm no economist, but I've been having this feeling - more or less the same as the 3/4 of those surveyed by Nielsen - that we ought to start saving up for rainy days, dear Readers.

Read also:
Recession in 2019 unlikely, says economist 
Recession fears overplayed for now, says BNM 


Anonymous said...

Bro, if you think the recession is already here, then the rain has already started and it's a bit late in the day to advise people to start saving. That advise ought to be given during good times.

Esa Adam said...

Industries have started recording lower sales for the past 2 quarters. This eventually translates to lower GDP. If last quarter of 2019 the GDP is in the negative then we will be in the recession in 2020. The sign is there.