Personal Finance
The Ultimate Singaporean’s Guide to Surviving a Recession
By Seedly  •  May 13, 2022
Winter is coming… And just like how Singapore is a year-round summer island sparred from natural disasters, Singaporeans have been experiencing a cushioned impact from global issues plaguing the world today. Source: Giphy On 1 May 2022, PM Lee said that there may be a recession in 2023 or 2024. You might’ve already felt the impacts of rising costs of living or heard of longer hiring freezes, even at big corporations such as Meta and Google. Coupled with the Russia-Ukraine war, supply chain disruptions and a host of other bullsh*t that has been going on lately, many indicators point to a recession in Singapore. In my opinion, a global recession is not a matter of if but a matter of when, And it might come sooner than we expect. We’ve already been through the COVID-19 pandemic, and we’ve seen how being prepared can help us fare much better. So here is the ultimate guide to preparing for and surviving a recession in Singapore....
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.

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