Goldman Sachs said it expected global real gross domestic product to contract by about 1% in 2020, a sharper economic decline than in the year following the 2008 global financial crisis.

• March 23, 2020

By Benyamin Poghosyan, PhD, Chairman, Center for Political and Economic Strategic Studies

Two key topics concerning Georgia dominated the attention of the international media and expert community interested in the South Caucasus in past week. One was the outbreak of the novel Coronavirus and the growing number of cases identified in Georgia; the second issue was connected with domestic politics.[…] However, from regional perspective the key event of the past week was the official visit of Armenian Prime Minister Nikol Pashinyan to Georgia on March 3 - 4. READ MORE

• March 17, 2020

Developing nations’ oil and gas income will fall by 50% to 85% this year to a more than two-decade low if current market conditions persist, the International Energy Agency and OPEC said in a rare joint statement on Monday, citing recent IEA analysis.

• March 16, 2020

Oil prices fell below $30 a barrel on Monday after the worldwide coronavirus outbreak worsened over the weekend, exacerbating fears that government lockdowns to contain the spread of the disease would spark a global recession.

• March 16, 2020

OPEC slashed on Wednesday its forecast for global growth in oil demand this year due to the coronavirus outbreak and said more revisions might follow, underlining the deepening impact of the virus on the market days after a pact on output cuts collapsed.

• March 11, 2020

Equinor (EQNR.OL) reported the oil industry’s first coronavirus infection on an offshore installation on Wednesday, highlighting the challenge in preventing contamination for thousands of workers living in the close quarters on rigs and platforms.

• March 11, 2020

Economists at Bank of America Merrill Lynch have substantially lowered their 2020 economic growth forecast for Latin America, citing the hit to activity from the global coronavirus outbreak and the region’s exposure to lower oil prices.

• March 11, 2020

Saudi Arabia and other OPEC members struggled on Wednesday to win support from Russia to join them in additional oil output cuts in a bid to prop up prices which have tumbled by a fifth this year because of the coronavirus outbreak.

• March 4, 2020