Please prepare yourself for the recession...economists say that Singapore appears headed for its first recession since 2002 as we suffer from a US economy wilting under its worst financial crisis since the Great Depression. The crisis began last year in the US subprime and now, singapore may likely find itself in an extended downturn. According to economists' calculated, more than 2/3 of singapore's economy is driven by external demand. This means that if other countries are affected by the recession, Singapore would not be able to escape either. Some signs that growth are lower are lower job and income growth, falling asset prices, and flat to negative export growth. Finance Minister Tharman Shanmugaratnam also warned this week that the country could be stuck in an economic downturn that may last "several quarters" as the global crusis evolves. P.S: for those hoping to change a new working environment, please reconsider and for those looking for a job, please seize opportunities and lower your expectations. You may want to look at this article<http://sg.news.yahoo.com/afp/20081008/tap-singapore-economy-growth-outlook-06f3cb7.html> for more information.