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Can you Trump-proof your finances? Here’s how to prepare for tough times
With talk of a recession looming, watch your cashflows, stay invested and employable and manage your credit wisely.
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In a time of uncertainty, it’s important to focus on what you can control, says the writer.
ST PHOTO: KELVIN CHNG
Lorna Tan
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It is difficult to remain calm when you are warned of the dangers ahead and see the terms “trade war”, “recession fears”, and “market crash” staring you in the face, no thanks to the rippling effects from the Trump tariffs.
With heightened market uncertainty and the prospect of a recession rearing its ugly head, it is prudent to start preparing for tough times and get a better handle on your personal finances. Prices are expected to remain elevated as the trade wars will hurt the global economy and may fuel inflation, given how much Singapore imports.
