• Facebook
  • Twitter
The year 2020 could emerge as the start of the era of relative global chaos or major upheaval. It is the era we have been anticipating, as the impact of core population decline meets economic dislocation, and security and structural uncertainty…

“A sense of “social distress” is likely to become exacerbated in major urban societies as the economic decline of the PRC begins to bite the global economy. This will further polarize societies…”

https://oilprice.com/Energy/Energy-General/Brace-For-A-Global-Crisis-In-2020.html


  • Facebook
  • Twitter
Council tax payers in England face near universal rises on top of increased fees and charges to pay for what in many cases will be reduced levels of local services, according to a survey of local authorities.

“It reveals that 97% of local authorities will put council tax up again in April to cope with a growing financial crisis…”

https://www.theguardian.com/society/2020/feb/05/councils-in-crisis-with-more-tax-rises-and-service-cuts-due


  • Facebook
  • Twitter
Lebanon’s only English-language newspaper The Daily Star said Tuesday that it will temporarily suspend its print edition due to financial challenges amid the country’s ongoing economic crisis.

“Its website and social media platforms will continue to operate.”

https://www.dailysabah.com/mideast/2020/02/04/lebanese-daily-suspends-print-edition-over-crisis


  • Facebook
  • Twitter
The outbreak of the 2019-nCoV coronavirus in central China has sparked concerns that an already fragile global economy could tilt even closer to recession.

“We examine which economies have the most exposure…”

https://www.fxstreet.com/analysis/which-economies-are-most-exposed-to-a-chinese-slowdown-202002041636


  • Facebook
  • Twitter
“ASX banks like National Australia Bank Ltd (ASX: NAB) and Australia and New Zealand Banking Group (ASX: ANZ) are worried about the Australian economy.

“According to reporting by the Australian Financial Review, economists at ANZ and NAB think that the Australian economy will shrink in the first three months of this year because of the coronavirus and the bushfires affecting an already soft economy.”

https://au.finance.yahoo.com/news/australia-enter-recession-banks-worried-032311285.html


  • Facebook
  • Twitter
Monday’s market sell-off in China was the worst in many years and wiped nearly half a trillion dollars off the value of the country’s biggest companies.

“Now the Chinese government has to find ways to stem the panic before the coronavirus epidemic makes things even worse.”

https://edition.cnn.com/2020/02/04/investing/china-markets-coronavirus/index.html


  • Facebook
  • Twitter
OPEC consulted with China in an urgent assessment of how the coronavirus may hurt oil demand, and what measures the group could take to stop prices falling any lower.

“The unusual appearance at the cartel’s headquarters of Wang Qun, China’s ambassador to international organizations in Vienna, underscores how the outbreak has upended the global market.”

https://www.aljazeera.com/ajimpact/opec-asks-china-assess-coronavirus-impact-oil-demand-200204194835233.html


Commodity trading houses and oil majors are scrambling to find spot buyers for crude oil outside China, where demand is depressed because of the coronavirus outbreak and where some buyers are asking to delay buying, Asia-based traders told Bloomberg on Tuesday.”

https://oilprice.com/Energy/Crude-Oil/Traders-Scramble-To-Find-Oil-Buyers-Amid-Falling-Chinese-Demand.html


  • Facebook
  • Twitter
The new flu-like virus which has sickened thousands, the ongoing crisis at Boeing as well as a new potential global recession and political instability in several geographies are contributing to increased concern amongst executives, investors, clients and employees [in the aviation and aerospace industries], already giving the new decade an apt nickname: “the turbulent twenties”.”

https://www.flightglobal.com/aerospace/nervous-uncertainty-seeps-into-the-aerospace-industry/136536.article


  • Facebook
  • Twitter
China’s biggest health crisis since at least 2003 has worsened the outlook for defaults in the world’s second-biggest bond market, likely tipping a raft of distressed borrowers over the edge this year.

“With scores of millions of citizens barred from travel, and companies, factories and retail outlets shuttered for a period of weeks, strains on cash flow add an unexpected layer of stress on Chinese borrowers.”

https://finance.yahoo.com/news/china-epidemic-threatens-broader-wave-210001992.html


  • Facebook
  • Twitter
“As authorities in China race to contain the spread of a new coronavirus that has killed hundreds, investors are bracing for global economic fallout that some analysts said could be more severe than the SARS outbreak in 2003

“Here are five charts that show how China’s economy has changed since the SARS epidemic…”

https://www.cnbc.com/2020/02/05/coronavirus-how-china-economy-has-changed-since-sars.html


Read the previous ‘Economic’ thread here and visit my Patreon page here.

Share This

Share this post with your friends!