Another day in Singapore, and another change in Singapore’s GDP numbers for 2009.
I said this a couple of months ago and I will say it again; Singapore need to STOP changing the GDP numbers. This time the Singapore government is changing the GDP upwards but whether it is upwards or downwards does not matter; Singapore need to stop doing it.
Think of it this way; if you are a boss of a company, how in the world are you suppose to make plans for next year when the government keep changing the GDP numbers for this year?
This has to be the fourth or fifth change in the GDP numbers this year, and we are still in July! If this continues, by the time we get to December we probably would have nine or ten changes in the GDP numbers…in one year!
I know we are in a finanical crisis and there may be a general election later this year but that is just stupid.