The risk of recession has no doubt risen. 

Fresh tariffs imposed on China by the US, along with China’s response that saw it devalue its currency, have thrown investors off guard.

The ongoing trade conflict between the two giant economies will most likely have an adverse effect on global growth. With that said, investors may want to include some defensive stocks in their portfolios in case a recession hits.

In this article, I will highlight three defensive stocks that will most likely continue paying steady dividends no matter what the economic climate.

Disclaimer: This is not a sponsored post. Opinions expressed in the article should not be taken as investment advice. Please do your own due diligence.

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While monopolies are bad for consumers, they are great for investors. VICOM Limited (SGX: V01) has monopolistic characteristics in a highly-resilient industry.

The company operates seven of the nine vehicle