My predictions for year 2009
2009 is said to be a very bad year for everyone, even though the fortune tellers (or feng shui masters) are saying otherwise. I do believe that whenever there are bad news, there will always be good news as well. Same goes to opportunities vs problems. Whenever there are a lot of problems, there will always be a lot of opportunities. It’s just a matter of whether you are able to notice and utilize them.
But before that, we need to be able to predict what is going to happen in 2009. This is important since it will allow us to prepare ourselves better, and also to ensure we are ready to pounce when the opportunities present themselves.
Without wasting too much time, here are some of my predictions for the year 2009 (I do sound like I’m giving a speech eh?).
Will business hire someone to downsize in 2009?
Business in general
- More companies will close down.
- More startups will appear….and disappear.
- 2009 might be the beginning of some well-known corporations. Do remember that some of the famous brands we have now started during recession periods in the past.
- A lot of companies will start cutting cost, and some might mistakenly cut elements which are necessary for the long term prospect of the company. And this might send the companies to a downward spiral.
- There will still be businesses which can profit from this recession period. Do some research and you are sure to get some ideas.
Economy
- The world’s economy will become worse in 2009 since all the previous negative forecasts will become a reality. Also, more companies will report losses or minimal profits.
- Malaysia will most likely enter recession in 2nd or 3rd quarter of the year, even though our economy experts are saying otherwise. Malaysia has the highest number of people with debts/loans in Asia Pacific and even if our banks are very strong, we can’t deny the fact that there are a lot of multinationals in Malaysia. Struggling multinationals might start retrenching people or closing down their operations, thus increasing the number of jobless people. Jobless people will not be able to pay the debts/loans and this can be quite bad.
- I expect the stock market to bottom up in 3rd quarter of 2009 and starts its long journey towards recovery in 4th quarter of 2009 or beginning of 2010.
- USD will continue to rise against Malaysia Ringgit. I expect it to reach 3.7-3.8 range.
Health
- Cures for some diseases or illnesses will be found.
- However, more unknown illnesses will start to appear.
- Old illnesses will also start to become a problem but I doubt there will be any global epidemic in 2009, thanks to our advanced medical science.
- More and more people will start to become health conscious. Healthy food will become more popular this year. So will hospitals, clinics, pharmacies and labs (for blood test).
Job & career
- More people will lose their jobs due to recession and retrenchments.
- Number of candidates per job opportunity (especially in a multinational company) will increase tremendously since everyone wants to work in a stable company in 2009.
- Average salary will become lower because people no longer dare to ask for too much. Benefits might not be so good too.
- The differences will be very obvious between employees with good attitude and employees with not-so-good attitude.
- There will be lesser interesting jobs and more boring jobs. Why? Because interesting jobs tend to be risky at times and most companies prefer to do things with low risks in 2009.
- More people will go for certifications and additional trainings in order to make themselves more attractive to potential employers.
- Hiring and recruitment process will be stricter than before because nobody wants to hire someone useless. Also, terminating someone can be very expensive. Thus, prevention is better than cure.
- Starting salary for fresh graduates might be worse than years before because companies would prefer to hire someone who can hit the ground running on his/her first day.
- Employees should be prepared to step outside their “comfort zone” and be more than what they have been hired for. If they don’t do that, someone else out there will be more willing to do that.
The new IPhone which will change the world? You must be joking
Technology
- Internet connection will become faster.
- Mobile applications will be more popular but not the next “IN” thing.
- Web applications will be even more popular with the introduction of affordable netbooks.
- Microsoft’s future will rely on the upcoming Windows 7.
- Steve Jobs’ creativity will be greatly missed in Apple. I do hope he’ll be fine.
- Desktop applications which allow users to work online and offline, could be the next “IN” thing.
- Open source technologies will become even more popular this year since they’re free and every business wants to cut cost.
- However, be prepared to have a lot of IT projects (especially the big ones) suspended or postponed since IT projects are normally one of the many things struggling businesses would love to cut.
That’s all I can think of. Spent a lot on this. LOL and I just remember I’ve yet to work on my project today!
Do feel free to comment or to add on 
“Malaysia has the highest number of people with debts/loans in Asia Pacific…”
Is there somewhere I can look this up for more specific figures? Someone mentioned that Malaysia is the only country in the world where a person needs to produce a guarantor to get a loan, which means that if there are a million borrowers, then two million people are technically in debt. The risk of bankruptcy is basically doubled. I’m not sure if that’s true.
I’m told that petty crime might also increase in a recession.
@ Damien
Oh ya, I missed out about the possible increase of crime rates. =_=
I think I read it somewhere. It’s either from Personal Money magazine, or from The Star Business. Can’t remember where. But I do believe in that statement. It’s either Singapore or us. LOL.