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COVID-19: a challenge for economic growth


Recent collapse in oil prices was caused by supply and demand issues, as well as uncertainty about the future. These two factors, their mutual influence, led to the collapse of the financial markets.

How will the oil collapse affect the economies of fuel exporting and importing countries? - Analytical data from international experts - during the online conference “COVID-19: a challenge for economic growth” on October 7.

Paolo Sorbello, Ph.D. candidate at the University of Glasgow, researcher at Ca' Foscari University of Venice, Member of the Executive Committee of the Caucasus and Central Asia Observatory (CCAO) is one of the invited speakers of the upcoming conference.

The topic of his speech is: “Between low oil prices and the pandemic: Kazakhstan's path to economic recovery.”

Global demand for oil, natural gas, and coal is declining as COVID-19 spreads. The relationship between the two global phenomena is obvious. Consumption of minerals, mainly used in the transport sector, has been reduced amid business closures, reduced domestic and international travel, and other quarantine measures.

These are just some aspects of the impact of the pandemic on the oil and gas sector…

Demand is expected to fall by a record 9.3 million barrels per day (MBD) in 2020 on a year-on-year basis.

However, the exact impact of the COVID-19 pandemic on oil demand will depend on how quickly the effects of the virus are contained through government efforts for economic stimulus…

Learn more about this at an online conference on Wednesday.

Live broadcast on the YouTube channel of Economic Research Institute.

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Saved: 07.10.2020

©2020 Барлық құқықтар сақталған.

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