I think this is the best approach. Turn off the news, delete social media, commit yourself to caring for those around you. You need to focus on the stuff within your sphere of influence, otherwise you'll drive yourself crazy. There are good and bad things happening to the 7+ billion people on this planet each day, there is no way we can have an emotional reaction to every event.
Edit to add: regarding the recession, talk to your supervisors and others in your company. Are layoffs actually likely? What is the outlook? You should only worry if your company specifically is in trouble. Even then, we are in a highly in-demand field, there is a good chance you'll find a new job if you focus on doing excellent work here and now (be so-good-they-can't-ignore-you, as it were).
Edit to add: regarding the recession, talk to your supervisors and others in your company. Are layoffs actually likely? What is the outlook? You should only worry if your company specifically is in trouble. Even then, we are in a highly in-demand field, there is a good chance you'll find a new job if you focus on doing excellent work here and now (be so-good-they-can't-ignore-you, as it were).