Tag Archives: singapore recession

Friggin Recessions

It seems the US economy isn’t the only one feeling the pain, several countries around the world have fallen into that nightmare known as RECESSION. Ireland was the first to go, followed closely by New Zealand. It is feared that Germany, Spain and Britain are next. So what actually is a recession ? Well Wiki reckons its “a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.” Oh crap, that sounds bad! So, I thought the Loon should keep a recession list score card so we can all follow the rapid decline of the world. Here goes …

Whoops, there goes Iceland into bankruptcy. Welcome Aboard the Recession Express UK! Hello Singapore, grab a seat. What took you so long USA? Not like you to be so goddamn tardy, considering you started this whole mess! Make room guys, Germany is here…Ciao Italy….mushi mushi Japan first recession in 7 years (did you break a mirror?). Move aside people, Spain is coming through. Oh boy their last recession was in 1993 (so they should be pretty use to it by now!).

The recession in Spain falls mainly on the plain

The recession in Spain falls mainly on the plain

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