Intelligence Fusion News

COVID-19 has already had a huge impact on the global economy. According to Statista, GDP growth globally will drop from around 3% to 2.4% - equivalent to a drop of around $35 trillion worldwide. In sectors like oil and gas, the impact is particularly acute: IHS Markit predicted that the reduction in oil consumption due to COVID-19 has led to a first-half surplus of 1.8 billion barrels of crude oil. The macroeconomic trends around these worldwide sectors point to harsher economic conditions and r...