All signs are pointing towards a speedy recovery. Contrary to what this writer initially predicted, the economy seems to be genuinely recovering. Key companies, including many government-linked corporations, are reporting profits once again. Across Asia, key economies led by China and India are experiencing growth in Q2, and the worst is over in Europe and the US.
The amazing amount of stimulus being pumped in by governments across the globe is seeing its effects. Consumers are buying again. Cars are being sold. And in Malaysia, property speculation and ‘investment’ is hot again. All the pent-up demands are slowly being unleashed into our economy.
U, V, W OR L Economists and politicians alike have been talking about various ways theeconomic recovery will take. Depending who you talk to, the alphabets U, V, W or L are being brandished as the shape in which the recovery will take. If you are an optimist, then a V of straight up recovery it will be, but if you are pessimist, then a W shaped recovery followed by another dip may be what we’re looking at.
This story is from the Issue 40, 2021 edition of SME Magazine Singapore.
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This story is from the Issue 40, 2021 edition of SME Magazine Singapore.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,000+ magazines and newspapers.
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Live Werkz: Venturing Beyond Southeast Asia
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Accountants And SMEs: Creating A Sustainable World
For SME finance professionals, ‘sustainability’ is about achieving longevity. However, there is a confusion over different definitions of sustainability. They recognise the growing importance of tackling sustainability issues but lack the understanding of how doing this can be integrated into day-to-day practices within the finance function.
Rebuilding Our Mental Well-Being In Sales
Sue Barrett is a writer, training provider and entrepreneur who founded Barrett in 1995 to positively transform the culture, capability and continuous learning of leaders, teams and businesses.
Omicron: A Test Of Resilence
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Silver Lining In The Cloud
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Accelerating Artificial Intelligence
Singapore is introducing two new public artificial intelligence (AI) programmes as part of the strategy to use technology for social and economic good, involving a total allocation of S$680 million to accelerate AI research. The latest initiatives require a funding of S$180 million.
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The Economy Is Recovering, But What About People?
All signs are pointing towards a speedy recovery. Contrary to what this writer initially predicted, the economy seems to be genuinely recovering.
