China covid-19 pandemic crisis China

Opinion | How the 2008 crisis was different from the present covid-triggered one

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Let the long-term investments in your portfolio remain untouched Black Monday (9 March 2020) was the day when three Wall Street indices fell more than 7%, causing severe volatility in markets across the globe in response to the standstill that the Covid-19 pandemic brought on.

This was the worst drop since the financial crisis of 2008. China, home to 1.3 billion people, the largest importer of consumer goods, the world’s largest manufacturer, the biggest importer of crude oil and the top spender in international tourism has come to a grinding halt, crippling the world along with it.

Covid-19 has raised many concerns, having both a medical and an economic impact on nations across the globe. Besides the evident health repercussions, an

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