It’s natural to feel worried when you read the recent news headlines.
Amid ongoing troubles in the world such as the Russia-Ukraine war and high inflation, Prime Minister Lee Hsien Loong has warned that Singapore could face a potential recession within the next two years.
Dwindling fish stocks in Malaysia and an export ban on chickens have caused prices of both fish and chicken to soar.
A recession may sound scary but is a normal feature of a mature economy.
Singapore, being reliant on external trade, will find it tough to avoid a downturn if other countries experience lower demand for goods and services.
On the investment front, there’s a similar need to ensure your stocks can remain resilient in the face of economic stress.
Such businesses are normally in recession-proof sectors or sell essential goods and services that people need.
Here are three Singapore stocks that you can safely...