I am torn between using my emergency funds or selling some of my assets to cushion the effect of this economic situation. What do you suggest I do?
Economic problems are felt by every human being, fortunately for those who keep an emergency fund, that is the true function of an emergency fund, for those who are aware that an economic crisis can occur unexpectedly.
OP, if you really have no other vision of money that you should use, stuck, the final choice if I may suggest using an emergency fund, don't sell your investment assets, that's what an emergency fund is for, when we need it in an emergency you can use it for something that must be used.
I believe whatever your decision to grow your economy back by utilizing emergency funds, against the crisis that is happening in your country and with yourself at this time is the best decision.