“And you, Singapore ...”: economists around the world look at this country and its economic trends


During the next crisis, economic analysts from almost all over the world are turning their eyes to Singapore. As already noted in one of its recent materials, Military Review, this happens because over the past couple of decades, Singapore has become a kind of indicative state in terms of processes spreading throughout the world.


Speaking very simplistically, economists observe Singapore for the reason that almost all the economic trends that manifest themselves in Singapore, after a short time spread to the entire "developed" and "developing" world. Whether the trends are positive or negative. Today, all economies of the world are “falling”, and Singapore’s economy is no exception at the moment.

This time, the attention of economists was attracted by trends in the labor market of the “indicator state”. A major consulting agency, Mercer Singapore, reports that almost every fourth company (namely, 22%) has decided to freeze employment by the end of the year. It should be noted that the sampling was carried out for 232 companies from various fields.

11% of companies are going to take the soft path of optimization during the crisis and reduce the part of the fund when it was supposed to increase employees' salaries. At the same time, 8% of companies have already cut salaries for their employees or are going to cut them in the near future.

The largest number of companies that are ready to offer employees "tighten their belts" are companies from retail and wholesale trade, the energy sector, technology companies, and tourism and hotel business.

At the same time, Mercer Singapore notes that companies can not afford to significantly reduce the wages of employees, let alone dismiss them without providing other options with jobs. The country has a job support program for financial crises. The decrease in wages in these areas does not exceed 4,1%.

It is noteworthy that according to the most pessimistic forecast, Singapore’s GDP may fall by 4,1% at the end of 2020. For comparison: pessimistic forecasts for the fall in GDP of Italy and Spain for 2020 - above 20%. Optimistic ones look worse than the most pessimistic ones in Singapore - a 4,5-5% drop. If the economic decline really amounts to about 20%, then these will be incredible figures for Europe in recent decades.
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  1. Voltsky April 1 2020 18: 21 New
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    meritocracy with elements of Nazism and eugenics; but if they asked me if I wanted to stay there, I would stay in spite of their crappy weather.
    1. Grandfather April 1 2020 19: 43 New
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      Quote: Voletsky
      meritocracy with elements of Nazism and eugenics; but if they asked me if I wanted to stay there, I would stay in spite of their crappy weather.

      then you are not Russian, Russian there would die of boredom. this is impossible. this is impossible ... no, not from boredom, according to an article of some kind, they would have died. for chewing gum or a cigarette butt, or for a bottle of beer ... or for the fact that five otmu .... finished ... it seemed that they were not polite with the lady ... but you never know!
      1. Voltsky April 1 2020 19: 55 New
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        then you are not Russian, Russian there would die of boredom. this is impossible. this is impossible ... no, not from boredom, according to an article of some kind, they would have died. for chewing gum or a cigarette butt, or for a bottle of beer ... or for the fact that five otmu .... finished ... it seemed that they were not polite with the lady ... but you never know!

        You have not been there;) this time, otherwise nonsense would not have written
        1. The comment was deleted.
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        2. Private-K April 2 2020 09: 23 New
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          An uncle with an anarchist sign on the avatar admires the tightly regulated, ritualized micro-community of the propaganda workaholism that has risen on mediation and the political and economic most favored nation regime.
          What just does not happen in the sublunary world!
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        1. Grandfather April 1 2020 20: 55 New
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          Quote: Mobius
          Russians have a special mentality

          what’s valuable is that everywhere, when you beat someone’s face for the truth, your own ones appear, from nowhere, they weren’t there, and you’ve already got “Dima from the Mound” behind you, though before that you didn’t say hello and They knew that the Russians. we are just modest. wink
          1. The comment was deleted.
        2. Practik2012 April 2 2020 02: 39 New
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          As Sapunov sang, I have never been overseas!
          What are the new benefits?
          Free - the will of the saved - Paradise
          Everyone runs pretending to be tramps
          Pilgrims to an unknown land
          What is conceived, done, completed
          Throw everything without grief
          Only somewhere ends Motherland
          If you have a homeland
      3. 30143 April 1 2020 22: 10 New
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        And what is bad that they do not spoil? I would not die ... It happened, well .... 85% of citizens are provided with state housing. 15% are those who buy at market prices.
        It struck me that the metro was without drivers. Imagine the level. Neither in Moscow nor in Kiev.
        And you say ...
  2. Prahlad April 1 2020 18: 21 New
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    That would be to lease their president for 10 years.
    1. Voltsky April 1 2020 18: 26 New
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      Quote: Prahlad
      That would be to lease their president for 10 years.

      Lee Kuan Yew is the father of Singapore, he asked for an American roof, and his population smelled 12-16 hours a day, 26-28 days a month for almost building food for their children and their country. Are you ready ?!
      1. Prahlad April 1 2020 18: 31 New
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        Well, personally, I’m not ready to undertake such austerities (I like to lure behind the prefix), but maybe there is a layer of society that will take the brunt of the fate of generations.
        1. Voltsky April 1 2020 18: 51 New
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          That is the whole problem :)

          I understand perfectly well why I do not have a Lamborghini and a "summer residence" in Dubai; and you think that if the management is replaced by a factory where the team is used to working in its own style, something will change :)

          The mechanism where each gear knows its place and works until it breaks is several times greater than the one where some kind of spring has its own opinion :)
        2. Alexey RA April 1 2020 19: 00 New
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          Quote: Prahlad
          Well, personally, I’m not ready to undertake such austerities (I like to lure behind the prefix), but maybe there is a layer of society that will take the brunt of the fate of generations.

          Non-participation in politics does not exempt from its consequences. ©
          Do you want to live with Lee Kuan Yu? Be prepared for being arrested at any time as a family member traitor of the motherland bribe taker.
          Start by planting your three friends. You know exactly what, and they know why.
          © Lee Kuan Yu
          Be prepared for the fact that any of your illegal or semi-illegal actions will be immediately reported where to.
          Do you want to express a different point of view from the official one - a suitcase, a station, and get out of the country. Do not want to leave - welcome to arrest.
          Freedom of the press, freedom of the media, must be subordinated to the paramount needs of Singapore's integrity
          © Lee Kuan Yu
          For Lee Kuan Yew knew very well that at first an economic basis was being created, and then fig leaflets of democratic values ​​were hung on it. And during the creation of this basis - no democracy, only a dictatorship in style One country, one people, one party.
        3. Uncle Vanya Susanin April 1 2020 20: 36 New
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          Sorry to wedge in, but let me clarify, your position on this issue is this: “you want a standard of living like in Singapore, but at the same time sitting on the couch and seals at the prefix, but Putin is to blame for this, and it needs to be changed to Lee Kuan Yew, "-
          Did I understand everything correctly?
      2. Ingvar 72 April 1 2020 19: 00 New
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        Quote: Voletsky
        Are you ready ?

        Can start by landing three friends? And then to shovel so much on them, and not on their homeland, I think there will not be anyone who wants to.
        1. Voltsky April 1 2020 19: 19 New
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          Ok, I agree:)


          Name 3 of your friends, Name, Address, what you did ... and we will facilitate their sending to the construction of ports for the NSR
          Quote: Ingvar 72
          Can start by landing three friends? And then to shovel so much on them, and not on their homeland, I think there will not be anyone who wants to.


          Or did you think this quote is only about someone else ?! naive fool :)
          1. Ingvar 72 April 1 2020 19: 31 New
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            Quote: Voletsky
            Name 3 of your friends

            I have no friends whose property costs more than their salary for 100 years. wink Freak. laughing
            One has only to start a conversation about a strong leader, then you immediately frighten the camps, then work for 24 hours. What are you predictable.
            1. Voltsky April 1 2020 20: 13 New
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              1. I did not talk about Camps
              2. Spit on property, they can work instead of scribbling their "smart thoughts" on forums
              3. It is by working that you earn a living, that's how it works.
              4. If you know how to do nothing while sharing live content

              ps It’s better for me to write to me as in other countries :) It’s just that I was in Russia for the last time every 6 years, well, a year ago, 1.5 months, and I work all over the world and people like you really mock me.
              1. Ingvar 72 April 1 2020 20: 18 New
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                Quote: Voletsky
                I did not talk about Camps

                I cite Stalin as an example, they would say.
                Quote: Voletsky
                they can work instead of scribbling their "smart thoughts" on the forums

                Judging by their "work" by their salaries, then yes. But you need to judge by deeds. Rogozin receives much more than the head of NASA, and the results are many times less. If this is “work,” then I’m the grandson of Nelson Mandella.
                Quote: Voletsky
                It is by working that you earn a living, that's how it works.

                And nobody argues with that.
                Quote: Voletsky
                If you know how to do nothing and at the same time share life

                Did I urge you to do nothing? belay What did you say by my words?
                1. Voltsky April 1 2020 20: 46 New
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                  Quote: Ingvar 72
                  Rogozin gets

                  Leftist thoughts :) Well, here I agree; but what is allowed to Jupiter is not allowed to the bull .... wet dreams :)
                  Quote: Ingvar 72
                  Did I urge you to do nothing? belay What do you think?

                  According to your text, Monsieur, you have those who are to blame, who must first be punished and then think about it. + You are not reasonable and attributed to Stalin and the camps, who are you if not a provocateur or under-revolutionary ?!

                  But I just plow, keeping in mind that there are some kind of contraceptives;
                  ps also put cons - fi
                  1. Ingvar 72 April 1 2020 21: 00 New
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                    Quote: Voletsky
                    According to your text, monsieur, you have those who are to blame, which you must first punish and then think about

                    Of course there is, for it is difficult to blame the congregation for drunkenness when the priest is drunk.
                    Quote: Voletsky
                    ps also put cons - fi

                    For a couple of years now, I’m not putting any minuses to anyone.
                    1. Voltsky April 1 2020 21: 30 New
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                      Well, excuse me, old man :) my message is how to do it, or what you definitely shouldn’t do ... and you have anti-system thoughts :) I’m not from the Russian Federation, it’s difficult for me to defend someone or turn it into a mess, so good luck to “chegevara”; I spoke only in general terms, and then without me
                      I answered honestly where 100% is right, and then my “worthy” ones without me, because I have enough of my own

                      Well, if not you, then maybe my fans have activated :)

                      ps you are a leftist in a radical sauce, I don’t like you, because they are dangerous :)
                      1. Ingvar 72 April 2 2020 09: 21 New
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                        Quote: Voletsky
                        and you have anti-system thoughts

                        Yes, I do not hide. For the system is now focused on the degradation of the population and, as a result, methodical and unhurried genocide. "We will slowly go down and take the whole herd" - remember?
                        Quote: Voletsky
                        you are a leftist in a radical sauce, I don’t like you, because they are dangerous :)

                        Looking for someone. For me, it’s so much more dangerous for people whose power Russia is dying out.
              2. Grandfather April 1 2020 21: 15 New
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                Quote: Voletsky
                It's just that I was in Russia for the last time every 6 years, well, a year ago, 1.5 months,

                what to talk about ...
                1. Voltsky April 1 2020 21: 30 New
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                  answered above :)
              3. Simargl April 2 2020 08: 44 New
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                Quote: Voletsky
                4. If you know how to do nothing while sharing live content
                There are two options: either he is such an employee that he does not need a pest, or he is "a knife and ax worker"
            2. Okolotochny April 2 2020 05: 27 New
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              And your friends have never in their life given bribes - neither to DPS, nor to doctors, etc.?
              1. Ingvar 72 April 2 2020 09: 28 New
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                Gave. Because when you are stopped, and from scratch they begin to breed for deprivation - give, rights are more expensive. I did not build this system. When there is a dachshund, how much a separate traffic police crew should unfasten to the company commander - it’s silly to blame ordinary people. Now it seems to have settled down, from scratch they practically do not slow down. According to doctors - how do you want to be operated, good or by compulsory medical insurance?
                In general, ideally, you need to free the bribe giver from liability, while at the same time increasing it for the bribe taker.
                1. Okolotochny April 2 2020 16: 58 New
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                  Gave.

                  Here is the answer.
                  In general, ideally, you need to free the bribe giver from liability, while at the same time increasing it for the bribe taker.

                  The founder of the Singapore Miracle would not agree with you. And yet, do you have a car? Do you know your friends and acquaintances? Ask about purchasing a car in Singapore.
      3. Grandfather April 1 2020 20: 56 New
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        Quote: Voletsky
        Quote: Prahlad
        That would be to lease their president for 10 years.

        Lee Kuan Yew is the father of Singapore, he asked for an American roof, and his population smelled 12-16 hours a day, 26-28 days a month for almost building food for their children and their country. Are you ready ?!

        yes, if you know that they are not deceived.
    2. Nikolai Grek April 1 2020 18: 31 New
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      Quote: Prahlad
      That would be to lease their president for 10 years.

      what ruin the country instantly !!! negative laughing
    3. Grandfather April 1 2020 19: 44 New
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      Quote: Prahlad
      That would be to lease their president for 10 years.

      we don’t understand ours ...
      1. Mordvin 3 April 1 2020 19: 50 New
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        So Russian, I am Russian ..
      2. Okolotochny April 2 2020 05: 29 New
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        Always speak for yourself, do not have the habit of speaking on behalf of millions.
  3. The comment was deleted.
    1. Grandfather April 1 2020 19: 45 New
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      Quote: Mobius
      it would be worth applying ..

      and after all, worthy candidates immediately come to mind. !
      1. The comment was deleted.
        1. Ingvar 72 April 1 2020 20: 19 New
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          Quote: Mobius
          But the work is underway ..

          Yes, they still eat Russia.
        2. Mordvin 3 April 1 2020 23: 02 New
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          Quote: Mobius
          But the work is underway ..

          Not a damn thing.
    2. max702 April 1 2020 21: 12 New
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      He was allowed to act this way and no more ..
    3. Mordvin 3 April 1 2020 23: 01 New
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      I do not agree. Three friends need to chew on a chewing gum first thing.
  4. rocket757 April 1 2020 18: 23 New
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    The crisis will not pass anyone. Those who are able to tighten their belts harder will get out faster.
    One annoying, the belt on the wealthless rich, naturally will be a noose on the neck of the workers!
    So in the modern world is done almost everywhere.
    1. Grandfather April 1 2020 19: 47 New
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      Quote: rocket757
      The crisis will not pass anyone. Those who are able to tighten their belts harder will get out faster.

      we people, as usual ... swim from above .... do not sink.
      1. The comment was deleted.
  5. Mavrikiy April 1 2020 18: 55 New
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    The largest number of companies that are ready to offer employees "tighten their belts" are companies from retail and wholesale trade, the energy sector, technology companies, and tourism and hotel business.
    Yes, everything is done for the benefit of the capitalists. The whole company with coronavirus for replanting salaries to employees, and after the economic recovery, it will remain at the same level.
    1. LKW UE April 1 2020 19: 26 New
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      Only in post-Soviet countries, in the rest of the civilized world do workers know their rights and are able, able and willing to fight for them.
  6. yuliatreb April 1 2020 19: 02 New
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    Under the current government, neither economic nor social miracles shine for us. Highlights the obscure future with the commodity economy, although there are cranks from Nihwho stated that the price of oil in no way affects the ruble's fall rate.
    1. Grandfather April 1 2020 19: 48 New
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      Quote: yuliatreb
      although there are freaks from Them,

      others are not visible.
  7. Mordvin 3 April 1 2020 19: 52 New
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    No, ripples, you are not Russian ...
  8. 23424636 April 1 2020 19: 57 New
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    Globalists made Singapore their Mecca, and when the world plunges into the topic of cleansing unnecessary people by the will of malice, globalists begin to screech from their centers of influence. , setting them as an example of their achievement of some levels to many completely alien and incomprehensible. There, the Chinese are training on world governance. us what their games are. We have our own cockroaches for 6 years, they are firing at us dill and there are no masks in pharmacies, but 2 amers sent masks and mask shows to amers. Guys it may be time to hammer on a landmark to the west and start planting potatoes according to Lukashenko
  9. Gennady Fomkin April 1 2020 20: 18 New
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    Lucius Anney Seneca:

    "... Their wishes plundered many to enrich you: everything that you get is certainly taken from someone ..."
    1. Grandfather April 1 2020 21: 01 New
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      Quote: Gennady Fomkin
      Lucius Anney Seneca:

      "... Their wishes plundered many to enrich you: everything that you get is certainly taken from someone ..."

      seriously? the law of conservation of energy under Lucius-Seneca? cool....
  10. AB
    AB April 1 2020 20: 24 New
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    Singapore has become a kind of indicative state in terms of processes spreading throughout the world

    Oh well. The area of ​​Singapore is 725,7 km², the area of ​​Moscow is 2561 km². The area of ​​Russia is 17 151 442 km². The average salary in Singapore in 2020 is rapidly approaching $ 4000 per month. The most modest incomes that unskilled workers have, predominantly Malays, usually exceed $ 1000. And in 2019, the average salary was 3000 bucks, so they optimize again by 3000. They decided to freeze the hiring, so this will only affect migrant workers. In Singapore, people live an average of 82-83 years. They retire at 62 years, the survival period is an average of 23 years. Singapore's pension system has been recognized as the most socially oriented in the world. TOTAL - That can afford Singapore, the Emirates and other rich dwarfs, Russia can not afford. ALAS...
    1. shtatsov April 1 2020 20: 50 New
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      Switzerland in the same pile. And the poor dwarfs are tribals)
    2. Grandfather April 1 2020 21: 05 New
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      The average salary in Singapore in 2020 is rapidly approaching $ 4000 per month. The most modest incomes that unskilled workers have, predominantly Malays, usually exceed $ 1000.
      Well, how not to swear ... for the joy of these ... Malays. I went for 750 p. shift to work ... pension ... joy and freedom .... mat.two times ... I sing the Anthem of Russia on the go. We are cool ! Hooray !
    3. cat Rusich April 1 2020 23: 56 New
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      To build a "paradise" in a single city (country) is possible - recall the supply of Moscow during the USSR (or closed cities). Try to build a "paradise" on a wider territory with a diverse population and even different countries (such as the CIS). "Plant three friends" - the slogan of 1937.
    4. 30143 April 2 2020 07: 06 New
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      These are system problems. Can't you find the three Sobyanins?
      It is necessary to prepare and promote such people. And here are all the relatives, godfathers, someone who once fucked someone, etc.
      Degeneration is coming. Total business then.
  11. Gennady Fomkin April 1 2020 20: 38 New
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    Quote: Mobius
    Well, to Russia, this is poorly applicable .. Our country is specific, with a huge territory and a military history ..
    The mentality is not that, although something would be worthwhile to apply .. hi

    The area of ​​all of Singapore, including the water surface, is more than three times smaller than the area of ​​Moscow, and the population is two times less. laughing
  12. idkwho April 1 2020 21: 24 New
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    Quote: shtatsov
    Switzerland in the same pile. And the poor dwarfs are tribals)

    poor Baltic dwarfs live better than immense Russia. That's the trick!
    1. BREAKTHROUGH READY April 1 2020 22: 49 New
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      But Russia is strong and independent, unlike the "Baltic tigers."
      Moreover, not for all people a high standard of living is a priority, for example, Russian is much more important spiritual development and preservation of our traditions.
      1. Mordvin 3 April 1 2020 22: 51 New
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        Quote: BREAKTHROUGH READY
        for example, Russian is much more important spiritual development and preservation of our traditions.

        What are such traditions?
        1. BREAKTHROUGH READY April 1 2020 22: 53 New
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          Orthodoxy, autocracy, nationality and a strong patriarchal family.
          1. Mordvin 3 April 1 2020 22: 54 New
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            Quote: BREAKTHROUGH READY
            Orthodoxy, autocracy, nationality and a strong patriarchal family.

            I do not believe, etc.
            1. BREAKTHROUGH READY April 1 2020 23: 02 New
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              I do not understand your skepticism. The above position can be considered official and corresponding to the general line, for which the legislation works, among other things.
              1. Mordvin 3 April 1 2020 23: 04 New
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                Quote: BREAKTHROUGH READY
                I do not understand your skepticism.

                And I am like that. I’m sitting in skepticism.
              2. Mordvin 3 April 1 2020 23: 16 New
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                Quote: BREAKTHROUGH READY
                The above position can be considered official and corresponding to the general line, for which the legislation works, among other things.

                Well, well ... Grandma yaga against. laughing
  13. LKW UE April 2 2020 00: 46 New
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    Quote: BREAKTHROUGH READY
    Orthodoxy, autocracy, nationality and a strong patriarchal family.

    I wonder how the autocracy and nationality correlate. Who will be the autocrat? The nationalities of Russia are not against the autocrat? Is the patriarchal family supported by autocracy in an era of continuous divorce? Orthodoxy is good, but what about Muslims and others?
  14. bukhach April 2 2020 00: 53 New
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    We would have their problems, but the scale is not the same. Although, when I was in 1997, trying to convey my admiration of the country to a Hindu in broken English, I was surprised that he did not share my enthusiasm, but only shook his head and said that it was beautiful, beautiful, only a little money. Everywhere is good where we are not.