Bloomberg.com, 20 Jan 2009, Shamim Adam
Jan. 20 (Bloomberg) -- Singapore’s population may shrink in the next two years as “sizeable” job losses amid the city- state’s deepest recession force 200,000 foreigners to leave, Credit Suisse Group said.
About 300,000 jobs may be lost by 2010, two-thirds of which are held by foreigners and permanent residents, economists Cem Karacadag and Kun Lung Wu wrote in a report received today. The number of people on the island nation may fall by about 3.3 percent to 4.68 million by 2010, Credit Suisse said.
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