‘Hermit nation’ has been crisis-stricken ever since the previous energy price collapse. Reduced demand for gas from COVID-19 impacted China, savage windstorms and pandemic impacts on food imports move it ever nearer the edge.
Slowdown in new cases in Eastern Europe, while lockdowns already being lifted in Central and Southeast Europe.
Governments that failed to rise to the crisis — through denial, dismissing the dangers or simply incompetence, resulting in unnecessary deaths and economic hardship — should fear their day of reckoning.
Erdogan won’t bow to call for Turkish lockdown. Berdimuhamedov ‘s cult of personality is founded on “health and happiness”. The pandemic is taboo.
Development bank looks at the resilience of states in the region to falling commodity prices, value chain disruption, declines in tourism and domestic disruption.