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A chart showing that commodity prices fell rapidly during the Ebola outbreak

An Epidemic and a Commodity Price Rout at the Same Time? It Happened in 2014

The COVID-19 health crisis has been paired with sharply lower global demand and a Saudi-Russian price war in the oil market that has reduced commodity prices by around a third. While this seems unprecedented, a concurrent economy-halting epidemic and commodity price rout has happened before, in Liberia, West Africa during the Ebola outbreak of 2014.

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