Made in Germany speaks with Stefan Kooths, director of the forecasting center at the Kiel Institute for the World Economy about economic conditions and consumer behavior in Germany.
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The 13-member bloc of oil-rich nations is turning 60 amid a pandemic that's jeopardizing its very existence. Waning influence and a global shift to cleaner energy sources mean that OPEC's glory days are over.
Saudi Arabia has raised the specter of an oil price war aimed at Russia. Moscow refused to comply with OPEC efforts to stabilize the oil markets, reeling from the economic fallout of the coronavirus outbreak.
Russia remains noncommittal on the Saudi-led effort to further curb oil output in response to the deadly coronavirus. Experts say Moscow's reluctance stems from its desire to capture market share from US shale players.
A recent report showed Pakistan to be the second-fastest growing vegetarian country in the world. Analysts say high inflation is impacting the food patterns of many Pakistanis, compelling them to give up eating meat.
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