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Anonymous
Have we hit the worse in this economy? Will stock markets crash again/dip further?
Will job losses still increase? Will property prices drop? Will businesses go bust?
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Sharon
07 Sep 2020
Life Alchemist at School of Hard Knocks
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Elijah Lee
08 May 2020
Senior Financial Services Manager at Phillip Securities (Jurong East)
Hi anon,
There's no way to tell for sure. No one has a crystal ball. This depends on how the COVID-19 situation pans out. Instead of wondering if it will happen, ask yourself, if it does happen, are you prepared to act on it accordingly?
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I don't think anyone will know for sure. If you want to get a better feel, the interview that Gupta, CEO of DBS, gave to CNBC in July may be a good start.
https://www.cnbc.com/2020/07/20/cnbc-transcript...
After all, banks could sense the economy better, since their customers are in every facet of life, and these days of technology, they have a lot more data (salary, mortgage, loans etc.) to analyse and see.