S'pore's growth to fall 2%

"MORGAN Stanley has slashed its forecast for Singapore's growth next year on the back of a worse-than-expected global slowdown.
It now expects the economy to shrink by 2 per cent next year, after tipping a 0.2 per cent expansion previously." quoted from straitstimes

This is an early warning for the PAP government that Singapore is heading for a rough ride. I won't be surprise if they call for SNAP ELECTION as the recession will definitely drag their votes further if they wait till 2011 to hold the GE. I have strong faith that the next budget will be strong enough to temporary keep the economy running. My personal estimates is shrink less than 2% if Snap Election gives the ruling party the mandate to rule again.