What will be the economic impact of COVID-19 (and should we care)?

Apr 18, 20

Oil prices—which are tied to geopolitical stability—have tumbled in the wake of the COVID-19 pandemic.

As a response to the lockdowns in Europe, global stock markets plunged and oil prices tumbled, losing a third of their value – the biggest daily rout since the 1991 Gulf War. A three-year pact between Russia, Saudi Arabia and other major oil producers has already collapsed.