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Tag Archives: Recession

Covid-19 Live Updates: In Pandemic Recession, Used Cars Turn Into Hot Commodities

Here’s what you need to know: Looking to buy a used car? So is everyone else. Skyrocketing cases push India to No. 2 on the pandemic list. On a holiday weekend in the U.S., the virus continues its grinding hold on Americans’ lives. Long-haul patients are facing struggles with their …

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Money Advice for Millennials in the Coronavirus Recession

Let’s roll back the clock to late 2001 and 2002. I was gearing up to graduate from college in that period and the economy was in the midst of a serious recession. Jobs were scarce, and I was lucky enough to lean on a couple of wonderful mentors who helped …

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How Much Runway Should A Small Biz Have To Survive A Recession? We Ask 4 M’sian Bosses.

We were inspired to write this article after seeing an opinion post that stated small businesses would need a minimum of 24 months of runway in order to survive the recession thanks to the pandemic. Dictionary Time: Runway refers to the amount of time until your startup goes out of …

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S’pore Will Enter A Recession In 2020 – Here Are Some Ways You Can Future-Proof Your Career

So far this year, life as we know it has changed dramatically.  Most of us are grappling with the strangeness of turning our homes into our workplaces, while some might be worried about how much longer they can stay employed. Others, unfortunately, may have already faced the brunt of layoffs …

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7 Finance Bloggers’ Personal Tips To Save Money Now, So You Can Survive The Recession In M’sia

Author’s Blurb: I’ve never properly budgeted for anything in my life. My way of saving is just to not spend, and I suppose I have rather good discipline over my financial habits. Even during the MCO, I haven’t been tempted to spend on wants to keep myself happy, I just …

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MAS Confirms Singapore Recession, First Negative Quarter Since 2009 Global Financial Crisis

The Monetary Authority of Singapore (MAS) has confirmed that the country “will enter into a recession this year”, in a macroeconomic report released today. This major economic downturn has been brought on by the impacts of the coronavirus outbreak. Singapore’s economy already contracted 2.2 per cent year-on-year in the first …

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8 Things To Do To Prepare for a Recession

Most experts agree that the U.S. economy is currently heading into some type of recession. Many people are already out of work, and many others are heading into a period of economic uncertainty. Yet, in those stories about a coming economic recession, there’s almost always a key part missing: what …

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