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 

No comments: