Less people are patronizing the restaurants as we tighten our belts. Hence, hawker fare will appeal to more people. At least we do not have to pay GST, service charge in exchange for poor service and mediocre food.
I will not be surprise if Singpost come out with a better set of quarterly results as we all know that pawnshop business has a negative correlation with the economy. More people are pawning their valuables for short term loans.
As we feel the heat of the recession, many people will be losing sleep over their devalued stocks, impending pay cuts and retrenchments, pushing some to the abyss of depression.
Psychiatrists might possibly profit from higher help seekers.
2nd hand businesses
As reported in the news, some people are selling their cars at fire sale to 2nd hand car dealers. This will translate to lower prices of cars. In general, for middleman buying and selling 2nd hand goods, I believe they are in for a bumper year.
As people get retrenched and are unable to find jobs at the moment, many will go back to school to upgrade themselves while getting ready for the economy to recover. Some people will go ahead with courses to stay relevant in their industry and prove their relative higher value to the management to avoid the axe.
Safe box manufacturers
As we know, credit is tightening for all as banks do not trust each other as much as before. There might be a bank collapse while I am blogging this article. Hence, safe boxes will be in demand as people buy to keep their cash/gold at home, safe from banks and full time robbers.
I do hope there is no increase in demand for MRT cleaners to clean the bloody tracks though!