History but album on a case of the persian gulf about to blow their wealth and just how low will oil prices go. Union divided on sharing the Economic Cost of the pandemic why france and italy are lining up against germany and the netherlands. Now Subsaharan Africa could be plunged into its 1st recession in 25 years as the Global Health crisis brought about by the corona virus wreaks havoc many nations like nigeria angola south africa are dependent on commodities for a large chunk of trade and revenues all have been decimated as economies have ground to a halt well the World Bank Estimates growth could tumble to minus 5 point one percent from 2. 4 percent triggering Food Insecurity the pandemic could cost the region as much as 79000000000. 00 in lost output from falling Commodity Prices to a drop in tourism. The Nigerian Government to seeking 7000000000. 00 in emergency funding from the i. M. F. And world bank its last budget assume that oil prices would be around 59. 00 a barrel its cu
Is counting the cost on aljazeera your look at the world of business and economics this week the coronavirus pandemic wreaks havoc across Subsaharan Africa nations turn to the i. M. F. And world bank to see them through the crisis the biggest Oil Production cut in history but album on a case of the persian gulf about to blow their wealth and just how low oil prices. A union divided on sharing the Economic Cost of the pandemic why france and italy are lining up against germany and the netherlands. Now Subsaharan Africa could be plunged into its 1st recession in 25 years as the Global Health crisis brought about by the coronavirus wreaks havoc many nations like nigeria south africa are dependent on commodities for a large chunk of trade and revenue. All have been decimated as economies have ground to a halt well the World Bank Estimates growth could tumble to minus 5 point one percent from 2. 4 percent triggering Food Insecurity the pandemic could cost the region as much as 79000000000.
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