Recession hit SG

Today news sure wasn't encouraging. It's mentioned: "It's official, SG economy is in recession." The last technical recession was in 2002 and the full scale recession was in 2001.
Even our labour chief mentioned that wages cut and retrenchment will be ahead. I think I should be grateful that I still have a job.
I hope thing won't be hit to hard, cos sure affect alot of people not just me. Imagine those lower income families, how are they going to cope with the uncertainty and rising cost. This is scary and worrying. I remembered last time when recession hit sg, I wasn't fazed at all, cos I'm single and a student. I can't empathized the situtation, simply passing off as a phase. Sympathized yes, cos of the constant bad news, and stressed faces.
Now being in the situation myself, I can fully understand the anxiety and concerned many working adults have.
Even though, we know it's a phase that will be over, but when can we walk out of the maze. That's the question..........
For now, what we can do is to budget our expenses, limit spending and no holiday, especially me. Now still undergoing divorce, with Aaron so cruel not giving me a single cent, I sure have to crack my brain to save and earn extra income.