atans1

Latest “bad” economic data is really “gd” news for PAP

In Economy on 29/07/2019 at 6:53 am

On the face of it, the latest manufacturing data is not good news for Heng especially if as expected the PAP govt wants to call a 2019 election and wants 65% of the 65% of the popular vote: the pass mark for bragging rights that they have the people’s mandate.


Problems for the PAP govt

Economy: “Only cold spell coming, but not Winter”. But to be fair to the PAP: IMF affirms support for PAP policies.

The headwinds other than a lousy economy going into a GE:

— Another reason why ground is not sweet for the PAP.

Why one-party rule sucks for Xi, Lee and Heng


Manufacturing output experienced its sharpest fall in three-and-a-half years in June, as trade tensions and a global slowdown continue to weigh on our very open economy: the canary in the global economy.

Figures published by the EDB on Friday showed that manufacturing output fell by 6.9% during the month year on year, marking the sector’s worst monthly performance since December 2015.

But here’s the good news for Heng: analysts polled by Reuters had forecast an even worse drop of 7.9%. The economy did better than expected.

There’s even better news for Heng and his millionaire ministers: on a seasonally adjusted month on month basis, manufacturing output expanded by 1.2% in June. Remember Chris K, no friend of the PAP says that month-on-month figures or quarter-on-quarter numbers are a better guide to the probable direction of the economy.

Remember that Dr Tan Cheng Bock said that a worsening economy would make people worry about changing the status quo. Maybe his team read what I wrote in 2015, when the global economy wasn’t looking good: Time to worry? No worries, vote PAP like in 2001 LOL?

Likewise an improving economy make people worry about changing the status quo: I mean if Mad Dog gets in via a Coalition of the Spastics, the economy will get rabies. And rabies kills.

Btw, read Economy worse than PAP, MSM, alt media spin to understand why the PAP wins the propaganda war. With TOC’s bunch of economically illiterate Indian writers based in India, the PAP doesn’t need friends.

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