They have not fully recovered from the Asian financial crisis. In addition, several of them face domestic political problems. Our neighbours difficulties affect us because we are interdependent. The region s uncertain political and economic outlook will affect investor confidence and interest. Moreover, the US economy is slowing like a train approaching a station, after travelling at a fast speed for the past decade.
Share prices are down.
Consumers feel poorer. The global electronics industry is also on a downturn. Fewer jobs will be created this year. Some workers will be retrenched, particularly those in the electronics industry. We must brace ourselves for a leaner year ahead.