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Clara Ng

Community Manager at Seedly

10 Mar 2020

∙

General Investing

Wall Street has suffered its biggest one-day loss since the financial crisis in 2008. There was a huge 30% plunge in world oil prices minutes after markets opened. Should investors panic?

What are the key consequences from oil price war, could it be worse than the US-China trade war, and how could a persistent oil price war lead to global recession?

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Pascal S

10 Mar 2020

MBA Graduate at Singapore Management University

Everyone should be concerned right now. The virus is just an event (that will last for a period of time) and the ripple effect will heavily impact everyone.

Although the markets might recover or show sign of recovery, the job market and the world economy will take a bit of time to resume working at full speed.

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