I am an ITE graduate from the class of 2020. Will it be difficult for me to find a decent-paying (at least $2.5k) job during this period since even university graduates are struggling?

Sometimes what happens in the end can be counter intuitive for example employers are looking for ways to cut cost and one of the heavyweight are the high cost salaries.

There are a few possible scenarios;

1) one either employers and employees negotiate to an "supposed lower salary or

2) the employer might want to hire another person instead for the "supposed" lower salary,

3) provided the slowdown does not continue otherwise the company may just not hire at all and close shop.

In conclusion: i believe your chances are actually higher now compared to university graduates ​​​

Due to covid-19, Singapore's economy is greatly affected. Analysts said that our GDP is going to shrink 7% to 4%. This figure is subjective and it might change along the way. The economy is entering a recession this year, many companies will cut down their workforce and decrease the HR plan. What I am going to say is yes, it's hard to find jobs in this situation, even harder for you to find a job paid above $2.5k. However, you can find some useful tips, guides, skills, and advice on this COVID-19 career resource page.

I also suggest you go to these online job portals to find your jobs: TalentTribe, Jobscentral, LinkedIn, Mycareersfuture and Jobstreet. It may be helpful for you. Good luck and stay safe!