The COVID-19 (Coronavirus) pandemic is severely affecting global economic activity as countries race to stem the spread of the virus. A sharp rise in risk aversion has led to the EMDEs witnessing record portfolio outflows since the beginning of the year compared to any recent episode of sudden stops of capital flows. Brent crude oil prices fell to a multi-decade low of US$20/bbl, 70 percent below their January peak. The WTI Cushing contract for delivery...
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DETAILS
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2020/04/01
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Working Paper
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148161
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1
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1
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2020/04/30
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Disclosed
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Russia Monthly Economic Developments
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crude oil price fall
Citation
Russia Monthly Economic Developments (Russian). Russia Monthly Economic Developments Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/585871588277300137