Markets reaction: FTSE remains 'massively exposed' and global recession 'almost inevitable'

Largest single-day oil price fall since Gulf War

Beth Brearley
clock • 4 min read

The FTSE 100 remains "massively exposed" following its dip into bear territory this morning when it plummeted almost 9% due to its exposure to oil and mining companies, with oil prices "very likely to visit the 2016 lows", according to one commentator, while others warn a global recession is now on the cards.

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