Chinese exports shatter forecasts, and Australia adopts an 'exit strategy' to ease restrictions; however, a global 'blame-game' has commenced, putting pressure predominantly on the Chinese government. Our Economic Analyst Josh Leaman presents this week's news, and a challenge for Australian universities.
A return to 'business as usual' is still some time away, but promising signs include the commencement of a special approval process in Japan for an antiviral drug. Our economic analyst Jia-Wei Loh provides an overview of this week's news - as well as a glance at pollution levels in major cities across the globe.
COVID-19 continues to headline news as Australia eases restrictions, and Singapore faces a resurgence of cases. Our economic analyst Reagan D'Souza takes us through this week's key developments. Want to know more about the recent plunge in oil prices? Keep an eye out for the Economics Team's breakdown coming soon!
An end to the oil price war signals some good news for oil producers, against the continued spread of COVID-19 in countries such as Brazil. Scroll through for SMIF Economics Team’s weekly rundown and chart of the week - the new 'popular kid' on the global stage might surprise you.
On April 15th, Donald Trump halted funding to the World Health Organisation, claiming that they had mismanaged the pandemic. What has the US government done to combat COVID-19? Our Economics Team investigates.
ECONOMICS UPDATE
IMF declares global economic recession
The IMF has officially declared a global economic recession. For some countries such as the US, "this will be the toughest week." Our economic analyst Ivan Zhou outlines some of the major announcements and indicators of the past week.
Additional fiscal stimulus packages and divergent COVID-19 progression rates in China and the US headline this week's news. Our economic analyst Alex Knott gives a recap, alongside this chart showing the trend of interest rates in the last 700 years.
After crude oil dropped from $100 a barrel to below $30 post-2014, global capital expenditure in the oil industry collapsed. SMIF Economics believes this poises the oil market for a period of supply shortages supporting higher oil prices in the foreseeable future.
