To face. Hello im come on santa maria this is counting the cost on aljazeera your weekly look at the world of business and economics this week boyle just because youre resource rich in 2020 doesnt mean youre making money well look at the economies of some opec nations which arent making a cent in earnings thanks to the price crash the coronavirus also oil versus lithium as calls grow for a green economic recovery post pandemic maybe green power could be the death knell for crude. And saudi arabia the oil giant whose Economic Diversification has led it to the north east of england but critics are accusing the kingdom of trying to sports watch its human rights record. Look we all know were in the middle of a storm like no other right now and really no one even if you are a country with oil sure some of the bigger players are doing ok though even saudi arabia is cutting subsidies and raising taxes but small opec players are really taking a hit from the coronavirus pandemic and Oil Prices
Price how come the race to the point. From these historic cent banks until job only what it takes to beat. Special coverage just. Hello im come all santamaria this is counting the cost on aljazeera your weekly look at the world of business and economics this week boyle just because youre resource rich in 2020 doesnt mean youre making money well look at the economies of some opec nations which arent making a cent in earnings thanks to the price crash the coronavirus all so oil versus lithium as cold screwed for green economic recovery post pandemic may be green power could be the death knell for cruise. And saudi arabia the oil giant whose Economic Diversification has led it to the northeast of england but critics are accusing the kingdom of trying to sports watch its human rights record. Look we all know were in the middle of a storm like no other right now and really its no one even if you are a country with oil sure some of the bigger players are doing ok though even saudi arabia is
A green economic recovery post pandemic maybe green power could be the death knell for crude. And saudi arabia the oil giant whose Economic Diversification has led it to the north east of england but critics are accusing the kingdom of trying to sports watch its human rights record. Look we all know were in the middle of a storm like no other right now and really its no one even if you are a country with oil sure some of the bigger players are doing ok though even saudi arabia is cutting subsidies and raising taxes but small opec players are really taking a hit from the coronavirus pandemic and Oil Prices Sliding into negative territory however briefly think about oman and behind both could receive economic support from the likes of saudi arabia and the u. A. E. But our focus is on those resource rich nations that with oil prices that are around 30. 00 a barrel may have to turn to. The International Monetary fund and start with algeria which has seen its debts soar to 45 percent of g.
Experts call for reforms to combat organized crime. And joining us are oscar with sport and it is confirmed germanys been just legal will restart next saturday becoming the 1st European Football League to resume amid the crowd if i respond to any. We get in the United States with figures just released show almost 3200000. 00 people have filed for Unemployment Benefits it keeps april on track to be the worst month for job losses on record more than 33000000 people have filed for unemployment in just the past 7 weeks and economists say Economic Growth could plummet by 30 percent in the 2nd quarter when the u. K. The picture is also bleak the bank of england expects the u. K. s economic output to shrink by 14 percent this year and unemployment to rise to 8 percent meanwhile the European Unions been warned to brace for its worst ever recession the economy tips to slump by 7. 4 percent after years of growth figures from china suggesting a different picture their exports rose in april for th
The challenges battling false information about socalled cures for the grown a virus in africa. We get in the United States where new figures show almost 3200000. 00 people filed for Unemployment Benefits it keeps april and track to be the worst month for job losses on record more than 33000000 people have filed for unemployment in just 7 weeks and economists say Economic Growth could plummets by 30 percent in the 2nd quarter in the u. K. The picture is also looking bleak the bank of england expects u. K. s economic output to shrink by 14 percent this year and unemployment saw rise to 8 percent meanwhile the European Unions been warned to brace for its worst ever recession with the economy tipped to slump by 7. 4 percent after years of growth but figures from china. Are suggesting a different picture their exports rose in april for the 1st time this year up 3 and a half percent after many factories reopened well lets get more now from our economics editor abbott alley whos following th