I hope our leaders are somewhat prepared for what is coming. PM Lee seems wildly optimistic at the beginning of the year compared with other leaders around the world. Just a few weeks ago, he was still urging others to "take a measured approach" to the crisis.
This was posted by someone in the CNA forum :[Link]
Jan 2008 PM Lee urges world leaders at WEF to 'think ASEAN' Mr Lee said that the economy of Vietnam, for example, is taking off. The Philippines has strengthened its public finances while Singapore is enjoying a strong momentum, riding on the regional growth as well as its own economic restructuring. Oil producers like Malaysia and Indonesia are also benefiting from high energy prices. Thailand, Mr Lee added, is enjoying strong exports while forming a new elected government. Laos, too, is benefiting from the strong global demand for commodities. ---
THEN WHAT HAPPENED?
June 08 Vietnam's Troubled Economy http://www.time.com/time/world/article/0,8599,1812810,00.html?imw=Y
June 08 Big trouble for Philippine economy as prices surge - analysts http://www.forbes.com/afxnewslimited/feeds/afx/2008/06/08/afx5092886.html July 08
Trouble brews in two Asian democracies (Thailand and Malaysia) http://www.csmonitor.com/2008/0702/p07s04-woap.html
Aug 08 Crude Palm Oil prices plunge to new 9-month low http://www.themalaysianinsider.com/index.php/malaysian-news/34-malaysian-news/2605-cpo-prices-plunge-to-new-9-month-low Everyone else in the
2008 Davos WEF were grim about the world economy in 2008 except for the above mentioned.... Grim determination on the economy