Singapore Could Be in a Recession in 2023, Should You Sell Now?
By The Smart Investor  •  May 25, 2022
Singapore has handled the pandemic well, thanks to the decisive actions and economic support from the government. However, Prime Minister Lee Hsien Loong has recently warned that Singapore should be prepared for more economic challenges ahead. Singapore’s core inflation has hit 3.3% in April, a decade-high, and global growth may become weaker with the advent of the Russia-Ukraine war and supply chain disruptions. A recession could be on the cards within the next two years, he cautioned. An economic downturn is bad news for businesses as it signals lower demand for goods and services, thus crimping revenue and profits. As an investor, there’s the prospect of your investments reporting poorer earnings while also paying out fewer dividends. What’s the best course of action? Should you sell now before things get worse, or hold on to your positions through the recession? Getting it right, twice It’s tempting to sell out now and then decide to buy again when stocks become much cheaper....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.

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