A New Year Begins

Good bye 2011 and Welcome 2012 - the year of the dragon. A new year begins now but it is a bit morbid for the world economic outlook. With the Eurozone sovereign debt crisis, there is a possible recession this year. Singapore is already in a technical recession as printed in the newspapers and admitted by the authorities. But the Malaysian government seems to always perpetually paint a rosy picture of the Malaysian economy, never giving a true picture of the state of affairs. Perhaps the general election is coming and Najib wants to fish for more votes to continue staying in power.