Tag: global recession

• Friday, May 15th 2020 - 08:13 UTC

  OPEC slashes 2020 global oil demand because of the virus recession

  

  OPEC again slashed its forecast for global oil demand this year as the coronavirus outbreak causes a global recession, although it said record supply cuts by the group and other producers were already helping rebalance the market.

• Friday, April 10th 2020 - 15:50 UTC

  UN agencies call on governments to condone debts of the poorest countries

  

  More than 60 U.N. agencies and international organizations urged governments on Thursday to take immediate steps to address the unfolding global recession and financial crisis wrought by the coronavirus pandemic, especially in the world’s poorest countries.