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| Image: Shut Down TRS |
Look at Kenneth Jeyaretnam trying to pull a fast one by claiming our declining productivity will lead to a full blown recession!
Come on leh, there are many economic factors that causes full blown recessions and declining productivitiy isn't one of them!
FYI based on our lastest MTI report, productivity have actually stabilized at 0% which fared must better than the past and our economic outlook isn't as bleak as this Kenneth made out to be!
[Labour productivity, as measured by value-added per worker, was unchanged (0.0 per cent growth) in the third quarter compared to the same period a year ago. This represented an improvement from the five consecutive quarters of negative growth.]
Source: https://www.mti.gov.sg/
Come on leh, there are many economic factors that causes full blown recessions and declining productivitiy isn't one of them!
FYI based on our lastest MTI report, productivity have actually stabilized at 0% which fared must better than the past and our economic outlook isn't as bleak as this Kenneth made out to be!
[Labour productivity, as measured by value-added per worker, was unchanged (0.0 per cent growth) in the third quarter compared to the same period a year ago. This represented an improvement from the five consecutive quarters of negative growth.]
Source: https://www.mti.gov.sg/
Source
Shut Down TRS
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