The honest answer depends almost entirely on whether the low fluid is isolated — membranes intact, growth normal, Dopplers normal, nothing else going on. In that situation the published evidence is genuinely reassuring, and it is worth seeing the actual numbers rather than being told simply not to worry.
A meta-analysis of four studies covering 679 term and post-term pregnancies with isolated oligohydramnios, against 3,264 with normal fluid, found more obstetric intervention — caesarean or operative delivery for a non-reassuring heart rate, odds ratio 2.30 (95% CI 1.00 to 5.
29) — but no significant difference in meconium, Apgar below 7 at five minutes, cord pH, neonatal unit admission, babies born small, or perinatal death (Rossi & Prefumo, 2013). A larger review of 12 studies and 35,999 women, 2,414 of them with isolated oligohydramnios, found the same pattern more strongly: induction odds ratio 7.56 and caesarean 2.
07, with modest increases in Apgar below 7 (OR 2.01) and neonatal unit admission (OR 1.47), and no difference in cord pH or meconium (Shrem et al., 2016).
Read together, those studies say something specific: isolated low fluid at term changes what happens to you considerably more than what happens to your baby. Where it genuinely matters is when it is not isolated — alongside a faltering growth trend, an abnormal umbilical or middle cerebral artery Doppler, or reduced movements. NHS England's Saving Babies' Lives care bundle lists reduced liquor volume among the findings that should trigger a review of the timing of birth, precisely because of the company it keeps. That is a reason for closer monitoring, not a prediction.