Oil cuts between OPEC+ countries extend recovery for major Gulf stocks

Oil cuts between OPEC+ countries extend recovery for major Gulf stocks

Around the world, major stock markets have responded positively to the oil cuts agreed upon by major OPEC and non-OPEC oil producers until late July. Countries like Nigeria and Iraq have been asked to cut production by OPEC and other oil-producing countries, primarily led by Russia, known as OPEC+. The organization, OPEC+ had planned to […]

Extending Lockdowns An Economic Cost

Extending Lockdowns An Economic Cost

The extension of the lockdown by the government has severe repercussions for the economy as it would deteriorate India’s GDP forecast for FY2020, to a contraction of 2 percent. These estimates will be achieved on the assumption that the lockdown will extend till mid-July and thereby, the engine of the economy will restart by August. […]

Economic Responses of the Big Four South Asian Countries

Economic Responses of the Big Four South Asian Countries

There are two important components of an economic response to this pandemic outbreak. The first is building infrastructures like hospital facilities and quarantine facilities, preparing the staff to deal with the SOPs and procuring equipment. The second component is to adopt policies that help mitigate the economic repercussions of social distancing.