Covid-19, Poverty, and Inequality Growing inequality can worsen the pandemic’s effects

Covid-19, Poverty, and Inequality Growing inequality can worsen the pandemic’s effects

The impacts that Covid-19 has brought about in our daily lives are very apparent. Less apparent is the immediate implications of the pandemic for global poverty. In terms on the effects on livelihoods, however, impacts are going to hit vulnerable communities the hardest. Any net loss for them represents a larger share of their already limited income and the effects will be felt well beyond shocks to their income.

The impact of Covid-19 on Africa’s banking system

The impact of Covid-19 on Africa’s banking system

The Covid-19 virus has caused a convulsive shock to the global economy. There remains considerable uncertainty around the pathway of the pandemic, the means and speed of any economic recovery and what structural changes – particularly to the globalisation of trade and capital – it will bring in the longer-term.

Power Shifts and the Risk of a "Crisis Within the Crisis": COVID, Oil and the MENA Region

Power Shifts and the Risk of a “Crisis Within the Crisis”: COVID, Oil and the MENA Region

COVID-19 triggered a collapse in oil prices from approximately 60 to 20 dollars per barrel between January and April 2020. Signs of a rebound are visible but prices remain well below the breakeven for many producers. If prices stay this low for long, or if they fall again after a partial rally in a relapse scenario, the world may witness a crisis within the crisis, with even further adverse effects on the world economy.

COVID-19 Exposes Italy's Vulnerability to US-China Antagonism

COVID-19 Exposes Italy’s Vulnerability to US-China Antagonism

Both the US and China seem to see the COVID-19 crisis through the lenses of geopolitical competition. A desire to repair its international reputation and gain influence underlies China’s offer of medical equipment and sanitary know-how to countries hit by the contagion – the so-called “mask diplomacy”