March 9, 2020/IMFBlog This blog is part of a special series on the response to the coronavirus. By Gita Gopinath This health crisis will have a significant economic fallout, reflecting shocks to supply and demand different from past crises. Substantial targeted policies are needed to support the economy through the […]
OPINION/EDITORIAL
The World’s Most Powerful Oil Alliance Is Falling Apart
March 6, 2020/OilPrice.com It appears that the OPEC alliance may soon be over as Russia refuses to cut and its oil minister hints at increasing production. Friday, March 6th, 2020 Oil prices plunged by more than 8 percent after the OPEC+ meeting broke up with no deal. Saudi Arabia and […]
South Africa’s Economy: At the mercy of power sector
March 6, 2020/United Capital Research Recently, the South African Statistical body – Statistics South Africa (Stats SA) – published the country’s GDP report for Q4-2019. According to the report, South Africa slipped into a technical recession during the quarter (second time in two years) as the seasonally adjusted and annualized real GDP contracted for the second […]
