As governments around the world imposed shutdowns with short notices. Many are left stranded and ill-prepared.
In one example, our oversea based worker was forced to stay with a relative as freights were cancelled. There were simply no other freights or ways to get back home. Public transportation are also suspended. Majority have never witnessed a lock down of this magnitude.
On trade, businesses without strong fundamentals without a strong plan B are simply buying their time. Some are forced to let off workers. Many expecting government rescue packages and handouts to tide down this difficult periods…
A recession seems inevitable and a slow recovery is on the cards for early 2021…
Source: https://www.worldometers.info/coronavirus/ Updated: April 13, 2020 at 1:09 am SGT
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