facebookWith the increasing number of companies freezing salaries and hiring, will the economy likely go into recession due to covid-19? - Seedly

Anonymous

28 Feb 2020

Random

With the increasing number of companies freezing salaries and hiring, will the economy likely go into recession due to covid-19?

How deep will the recession be? How long will it last?

Discussion (4)

What are your thoughts?

Learn how to style your text

Andy Sim

28 Feb 2020

HR Professional at a Financial Institution

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.

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.....

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...

Write your thoughts