Pages, tagged as «coronavirus»
Coronavirus pandemic may lead to EU dissension
The current coronavirus pandemic has forced the EU members to take off the masks, thus proving that no European solidarity exists and "each is for himself", RISS expert Igor Pshenichnikov said. He sees certain risks the European Union may lose its previous shape once and for all or cease to exist altogether.
International cooperation under question due to coronavirus
The coronavirus outbreak has become a catalyst for a sharp discussion about the disintegration of the world economy, RISS expert Mikhail Belyaev says. "There is a tendency that each country is trying to solve problems alone within its national borders. Of course, it is too early to talk about complete isolation of countries," he added.
Defeated by Covid-19? NATO’s biggest war drill 'Defender 2020' is at risk of being sneezed off
NATO had been preparing to stage its biggest military exercise in decades when it encountered a foe it was not apparently ready to face – coronavirus. Now, the drill is in jeopardy, while its true aim comes to the surface.
Difficult times for the global economy
"The situation in the world economy is comparable to spring in the mountains. This is the time of year when avalanches are most likely to occur. Avalanches can be triggered even by one gunshot. Such a shot for the global economy can now be the coronavirus pandemic and a sharp drop in world oil prices," RISS expert Vyacheslav Kholodkov said.
World economy facing difficult times
The world economy is still far from a disaster, but it is facing challenges, RISS expert Mikhail Belyaev believes. The coronavirus outbreak puts more pressure on world already strained economy. The global economy is being hit by various economic restrictions. However, pandemic has not been declared yet. The world now is in a state of turmoil, Belyaev considers.
US-China trade war hits economy harder than coronavirus
The first G20 Finance officials' meeting in Riyadh in 2020 was focused on the coronavirus impact on the world economy. "At the beginning of this year, the International Monetary Fund (IMF) kept its forecast for China's 2020 economic growth unchanged at 6%. Now the forecast has been adjusted to 5.6%. Global economic growth forecasts for 2020 have been revised down by to 0.1%," RISS expert Nikolai Troshin said.
Coronavirus as a challenge to the global economy
China's coronavirus outbreak can seriously damage the world economy, RISS expert Mikhail Belyaev believes. He recalled that Hubei’s provincial capital of Wuhan, the place where the coronavirus outbreak had emerged, was one of the main centers of China's economic development. He warned that China's economic growth would slow to 1%, if not to prevent the viral disease from spreading.
China’s coronavirus epidemic growing increasingly serious
Coronavirus can hit China’s holiday economics