CHRONICLE
Roll wit ya... PAGE 07
THE NANYANG
O C T OBER 6 , 20 0 8 | V OL 15 NO 4 | IS SN NO 0 218 -7310 | W W W. N T U. EDU. S G / C HRONIC L E
KITTY CAT FEEDING Feed them the right way at cat cafes
HOMEMADE
GOODNESS Taste ice-cream made with a local twist
PAGE 03
HITTING THE
幽默机智相声 逗笑全场观众
PAGE 15
SPOT
21 页
PAGE 31
PLUS: 15 PAIRS OF TROPIC THUNDER MOVIE PREVIEW TICKETS TO BE WON INSIDE PAGE 34
NTU experts forecast tough times
act
CLASS
18-19
IN A FLURRY: The US financial crisis will be felt in Singapore in late 2008 and early 2009. PHOTO | INTERNET
NTU economists predict slow GDP growth and oil prices to stabilise at US$80-100 a barrel JESSICA YEO BE PREPARED to tighten your pursestrings, as Singapore’s economic growth is expected to slow in the wake of the Wall Street meltdown and US housing crisis, according to the latest forecast from NTU’s Economic Growth Centre. The university’s economists expect the 2008 Gross Domestic Product (GDP) growth to come in at the lower end of the government’s 4-5% growth forecast. However, the expected GDP growth could drop “subject to further (negative) risks
such as a US recession,” said Dr Choy Keen Meng, and added that this would affect Singapore’s export-centered economy. “The model I used for the Singapore economy forecasts has got multiple equations that take into account… relationships between key… variables of the economy such as GDP growth, inflation, foreign demand, the exchange rate, etc,” said Dr Choy, who has been forecasting Singapore’s economy since his days as an economist at the Monetary Authority of Singapore in 1988. With a falling GDP, the man on the street is likely to suffer reduced wages and stiff competition in the job sector. University economist Dr Randolph Tan who specialises in econometrics, a study >> CONTINUED ON PAGE 2
Ace your presentation in style