Oil prices going down to $50 is a 'major problem', says economist

Christopher Payne of Peninsula Real Estate Management says that the coronavirus crisis has impacted the Middle East by causing oil prices to fall and increasing fiscal pressure on the region. He adds that the outbreak's impact on China will have a "ripple effect" that could knock global growth down by 20 basis points in 2020.
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Mon, Feb 10 20201:59 AM EST