Recession is hitting Sri Lanka
Contrary to the official stance of the government recession is having great impact on Sri Lanka. One of the most obvious signs are the drying up of the job market. Take any weekend news paper and check the employment sections and you can see this for yourself.
A few more pointers, notice how many times properties and vehicles for sale ads are being repeated, and the going rate. Property prices are being slashed quite significantly. And how long rental properties have been vacant without new occupants. These are tell tale signs of cash drying up from the hands of the consumers.
And the stuff that usually do not hit the news stands. How many companies did away with their annual bonuses in December. How many did away or curtail the spending on Christmas and new year parties, calendars and diaries they were printing?
So what does it tell the average salary earning professionals? Hold on to your job like its dear life? Damn, I am praying for a speedy recovery from the recession.