Goldman's Currie Sees Worst Oil Demand Shock in a Decade

The video discusses the impact of China's shutdown on global supply and demand dynamics, comparing it to the 2008-2009 crisis. It highlights the significant drop in China's GDP and its effects on the oil market, questioning OPEC's ability to respond. The discussion extends to the global supply chain disruptions, particularly affecting countries like Germany, Japan, and Korea, which are heavily reliant on manufacturing and capital goods. The video emphasizes the broader economic implications and the potential for a rebound in demand.

What role does OPEC play in responding to the demand shock caused by the coronavirus?

Discuss the implications of a 4% drop in China's GDP on the global economy.