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Anonymous
How deep will the recession be? How long will it last?
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Andy Sim
28 Feb 2020
HR Professional at a Financial Institution
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Very likely. I'm monitoring my company new PO everyday as it used to be a good indicator in last economy crisis.
I'm preparing this downturn probably will last 1-2 years.....
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Alex Chua
28 Feb 2020
Seedly student Ambassador 2020/21 at Seedly
Recession often related to reduce in economic activity.
As long as the world continue to run as usua...
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With the outbreak of the virus, global consumption is seeing a big pullback as a result of the travel restrictions/lock downs etc. which has a ripple effect onto Singapore's (and perhaps most other countries' economies. So there's a chance Singapore will go into a recession if the virus situation gets more severe or drags on for longer.
No one can predict how long will the recession be but I believe it will last for about 1 to 1.5years.