Prime Minister Lee Hsien Loong has sounded a warning about a possible recession that could hit Singapore within the next two years. This slowdown could come about as a result of the culmination of several events such as high inflation, a sharp rise in interest rates, the Russia-Ukraine war, supply chain bottlenecks and the tension between China and the US. It’s understandable if you feel nervous about how your investment portfolio will perform should a recession hit. But instead of worrying, here are three steps you can take to better prepare yourself for a possible downturn. Own solid, stable blue-chip stocks Blue-chip stocks have a reputation for being solid businesses that can withstand downturns. Many also have a track record of bouncing back after facing tough economic conditions, thereby providing investors with peace of mind. Take Singapore’s largest bank, DBS Group (SGX: D05), as an example. The lender has remained resilient through the...