“The economic and financial carnage wrought by the coronavirus could leave deep, lasting scars on the global economy.” Eswar Prasad and Ethan Wu assess the economic fallout from COVID-19 and call for international cooperation to prevent an even more severe collapse.
U.S. urban cores, racial minorities, and those who cast votes for Hillary Clinton in the 2016 election disproportionately comprise counties where COVID-19 cases are currently clustered, demographer William Frey finds in a new analysis.
Over the weekend, OPEC+ nations agreed to cut oil production by 9.7 million barrels per day. Despite these cuts, Samantha Gross argues that actions by the OPEC+ are a cold comfort for a market that will likely continue to struggle to adjust to a huge loss in demand.
Brookings Foreign Policy experts also provided some useful insights for journalists on the oil markets amid the coronavirus pandemic and the resulting geopolitical tensions.
A note on the Brookings response to COVID-19
The Brookings Institution campus in Washington, D.C. will be closed through at least April 24. For more information, read our full guidance here. As Brookings experts continue to assess the global impacts of COVID-19, read the latest analysis and policy recommendations at our coronavirus page or stay up to date with our coronavirus newsletter.
The conclusions and recommendations of any Brookings publication are solely those of its author(s), and do not reflect the views of the Institution, its management, or its other scholars.
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