In a recent South China Morning Post report, analysts interviewed stated that a global economic recession is almost guaranteed in 2020 thanks to the worldwide Covid-19 pandemic. This comes as no surprise considering how the outbreak is making its way through Europe and the U.S.
Closer to home, foreign affairs minister Vivian Balakrishnan recently mentioned in his CNBC interview that the economic effects from the outbreak may last for at least a year.
As news of the economic downturn continues to spread across the world, it can be depressing and often times, might trigger anxiety in some. If you’re concerned and thinking of what you can do to get yourself and your family through this pandemic, here are some tips.