REASONS FOR CRUDEOIL PRICE WAR AND IMPACT OF CORONAVIRUS ON THE ECONOMY WITH SPECIAL REFERENCE TO CRUDE OIL PRICE

Ms. Sunanda Narang Dr. Sanjay Sharma

Abstract


Abstract:- Today world economy is dealing with the “Corona viruses” and market around the world is lockdown. Global economy is staring at another recession as the novel corona virus pandemic has forced businesses across the world to suspend operations. Sectors such as automobiles, real estate and banking seem to be having a difficult time ahead of them. Investors fear the spread of the corona virus will destroy economic growth and that government action may not be enough to stop the decline. In response, central banks in many countries, including the United Kingdom, have slashed interest rates. That should, in theory, make borrowing cheaper and encourage spending to boost the economy. This study is totally focused on the impact of corona virus on the economy with special reference to crude oil price.

Keywords:- Corona Virus, Economy, Crude Oil Price.


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References


www.oilprice.com

www.moneycontrol.com

https://m.economictimes.com


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Copyright (c) 2020 Ms. Sunanda Narang Dr. Sanjay Sharma