On Friday, March 27, 2020, the CNAS Energy, Economics, and Security Program hosted a virtual roundtable on the geopolitical impacts that will arise from the global market turmoil caused by the COVID-19 pandemic. The event featured remarks from Elina Ribakova, Deputy Chief Economist, Institute of International Finance; Rachel Ziemba, Adjunct Senior Fellow, Energy, Economics, and Security Program, Center for a New American Security (CNAS); Peter Harrell, Adjunct Senior Fellow, Energy, Economics, and Security Program, CNAS; and Elizabeth Rosenberg, Senior Fellow and Director, Energy, Economics and Security Program, CNAS.
The global outbreak of COVID-19 has generated significant turmoil in financial and energy markets, and has the potential to have profound financial and economic impacts, particularly on emerging market countries. In response, central banks are launching major interventions in an attempt to stabilize markets, and governments are initiating fiscal stimulus to offset the economic downturn caused by the outbreak. This event explored the effect of the outbreak on financial markets so far, as well as longer term geopolitical implications as a result of government responses to the financial turmoil.