Stable oil prices...what does it mean for the future?
DOI:
https://doi.org/10.36325/ghjec.v17i1.1663Keywords:
Oil prices, Oil price stabilityAbstract
The spread of the new Corona virus Covid-19 has cast its shadow on the global economy, as economic growth rates declined, the volume of global trade decreased, unemployment rates increased, and global financial markets witnessed severe turmoil and achieved very large losses. This coincided with a recession in the global economy and a trade war between the United States. America and China. The effects of the virus outbreak extended to most countries of the world and global demand shrank. Fears of a widespread outbreak of the virus shook the global economy. Economic growth expectations fell by about half, trade declined, financial markets became turbulent, and most of their main indicators declined. The International Labor Organization announced the possibility that... There are 25 million unemployed, and the World Tourism Organization stated that the tourism sector loses a million job opportunities every day. International financial organizations and developed countries have rushed to launch huge initiatives and programs (financial and monetary) to stimulate and support their economies by reducing interest rates to levels close to zero, providing financial support and loans, and adopting accommodative policies to support economic activity.
Downloads
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2021 حسين علي عبد
This work is licensed under a Creative Commons Attribution 4.0 International License.
which allows users to copy and create excerpts and summaries, and thus create new scientific works from the article or modify it and benefit from the scientific material, provided that the user refers to the link to the original article