downturn

My 8 Predictions for 2020 - As COVID-19 Progresses

There’s been A LOT of news flying around, not all of which are very encouraging. I’d really rather not add to the gloom, but certain things seem inevitable.

So here are my predictions for the rest of the year, 2020:

1) Singapore will have its elections, and the current party will win by a significant margin.

2) Singapore’s total COVID-19 cases will go up to 50,000 - 100,000 before Dec 31, 2020. This will occur due to a second / third surge of cases. I really hope I’m wrong about this one.

3) Air travel in and out of Singapore will be partially re-instated by July, and there will be an initial surge in demand.

4) New initiatives will be put in place, either by MOM or some other body, that elevate the status of freelancers / contract workers and make things easier for them in situations when they need what is typically quite easy for employed workers - e.g. bank loans, credit card signups, etc.

5) Video conferencing will see a sharp drop in demand once workplaces start having their employees back, and people start moving around again. It will, however, still go back up to a level of use that is higher than it ever was before.

6) China will experience a drop in prestige, but will continue to expand and exert its power over and through ASEAN, Near East, and African nations that are currently still friendly with it.

7) Trump will remain President of the USA after 2020.

8) World markets will have a downturn through the 2nd half of the year, though I’m not yet sure if it will ‘properly’ crash. I’ll probably have to update this when I see more signs.

Pulse Line