Coronavirus, Oil and the Middle East.
As a result of the Covid-19 pandemic, the world is now experiencing the worst recession since that of 1929. It has developed with terrible speed, causing by July 24, the death of 636,000 people, with 15 million infected.
Hundreds of millions, if not billions, of people have been put out of work and the result is a massive loss of output and a collapse in the demand for goods and services. There is a widespread feeling that profound political and economic change will occur, but no one knows where it will lead.
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