While the global economy is in a more resilient state than in the 1970s to manage a significant oil price shock, the compounding impacts of these two conflicts could push global commodity markets into unprecedented territory.
The global economy is in a much better position than it was in the 1970s to cope with a major oil-price shock but an escalation of the latest conflict in the Middle East--which comes on top of disruptions caused by the Ukraine conflict--could push global commodity markets into uncharted w
Melbourne [Australia], September 24 (ANI): COVID-19 and the oil price shock of 2020 are taking a heavy toll on global banks, S&P Global Ratings said on Thursday adding that it will be difficult for them to return to pre-crisis levels in the next three years.
Singapore, Mar 17 (ANI: Moody's Investors Service has revised its forecasts for most Asia Pacific economies on coronavirus implications, incorporating ongoing travel restrictions and heightened containment measures as well as the recent oil price shocks.