Take away the MNCs, Banks, GLCs, and Government's part of GDP,
the domestic or people sector of the economy is very very bearish
right now.
Look at the neighbourhood shops, the JTC factories, the sliding
COEs and the half-dead property market (dropped 35 % from previous
peak) and you will know whether the economy is growing by 3-4.5%
this year.
All the statistics and figures are connived to show good reports to
justify continuing past policies which are essentially to keep our
elites employed at highest pay, like the NKF case.