facebookHave we hit the worse in this economy? Will stock markets crash again/dip further? - Seedly

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Anonymous

07 Sep 2020

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Have we hit the worse in this economy? Will stock markets crash again/dip further?

Will job losses still increase? Will property prices drop? Will businesses go bust?

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Discussion (3)

What are your thoughts?

Sharon

Sharon

07 Sep 2020

Level 10Β·Life Alchemist at School of Hard Knocks

I don't think anyone will know for sure. If you want to get a better feel, the interview that Gupta, CEO of DBS, gave to CNBC in July may be a good start.

https://www.cnbc.com/2020/07/20/cnbc-transcript...

After all, banks could sense the economy better, since their customers are in every facet of life, and these days of technology, they have a lot more data (salary, mortgage, loans etc.) to analyse and see.

Elijah Lee

Elijah Lee

08 May 2020

Level 18Β·Independent Financial Advisor at Phillip Securities (Jurong East)

Hi anon,

There's no way to tell for sure. No one has a crystal ball. This depends on how the COVID-19 situation pans out. Instead of wondering if it will happen, ask yourself, if it does happen, are you prepared to act on it accordingly?

Hey there!

This economic problem has it's root in a medical crisis. The only solution to this is a ...

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