BLiNK: Why Black Monday made everybody a loser - James Meadway
Economist James Meadway talks to Middle East Eye about why economic woes in China matter for the Middle East
Filmed and directed by William Pine and Charles B. Anthony
Published date: 24 May 2016 00:26 BST
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Last update: 8 years 6 months ago
On 24 August stocks crashed by over eight percent in China, billions wiped off shares, sending economic shockwaves around the world. What does this mean for the oil-based economies of the Persian Gulf? How low does the price of oil have to fall before even Saudi Arabia feels the pinch? James Meadway from the New Economic Foundation explains all to Middle East Eye.
Listen to the full 17-minute podcast with James Medway, in which he gives an easy-to-understand guide to OPEC and the oil market:
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