It was announced today that the GDP this year would be -2% to -5%. Scary, isn't it? It was 1% to -2% just few weeks ago, and it seems that the situation has worsened. Crude oil price has been dropping, companies are cutting costs and retrenching...I really hope that my company would be safe and sound in this economy crisis. Let's work hard ok? It's really depressing to see so many companies having trouble with their finances...
In the past few years, I have always planned for a holiday to somewhere further than S'pore and M'sia. Now, with my new car coming and the economy cirsis, I don't think I could afford to do that. Times are really bad now, and I know it is not a good time to have an additional financial burden. I hope the assumptions made in my car expenses calculation are correct, or I may have trouble with the payment of my car expenses.
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