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1/30/2007

myth 111

'Buyer be Where? Economy's growing, but retailers aren't seeing benefits. More cash - but it's not being spent 7.7% Economic Growth 4.4% up retail sales 2.8% up Domestic private consumption 1.97% up HDB flat prices The above were in the front page of Today paper yesterday. Lee Ching Wern wrote: 'When you have an economy charging ahead - it grew by 7.7% last year - you would expect cash registers to be ringing non stop as more people hit the shops. But the reality has left economists and retailers scratching their heads...' Now is this the truth or is it a myth?

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