The world has faced oil shocks before. This one, Birol made clear, is different – deeper, wider and more dangerous. How governments respond in the coming weeks will determine whether the pain remains temporary or becomes a lasting scar on the global economy.
Experts advocate treating care as essential social infrastructure. Expanding services, redistributing unpaid work through policy, and challenging norms that sideline educated women could unlock significant gains.
This 2026 event arrives after earlier haor region floods earlier in the year, underscoring recurring pressures. Migration to urban centres and climate adaptation efforts remain critical long-term challenges.
Experts advocate treating care as essential social infrastructure. Expanding services, redistributing unpaid work through policy, and challenging norms that sideline educated women could unlock significant gains.