US, China 2020 Global Recession Fears As Coronavirus Shuts Down Stuttering Chinese Economy
Posted: Wed Feb 08, 2023 7:48 am
Chinese authorities have acknowledged the impact of the coronavirus epidemic on economic and social development. It has alarmed China’s economic growth as worries mount over the coronavirus’s effect on the economy, unemployment, and global supply chains. It is unavoidable that the novel coronavirus epidemic will have a considerable impact on the economy and society, and the coronavirus affecting China is plunging the entire world into a global recession like what happened in 2008.
It is unavoidable that the novel coronavirus epidemic will have a considerable impact on the economy and society, and will destroy businesses and livelihoods in China, the US, Asia, North America, the UK, Germany, the EU, and almost everywhere around the world. It will also impact technology companies’ stocks, e.g., Facebook, Amazon, Apple, Microsoft, etc.
The virus, which has claimed the lives of more than 2,500 people and infected more than 77,000 in the mainland, is the most significant public health crisis to hit China and other parts of the world. Containment measures which include mandatory quarantine for workers, partial shutdowns of factories, and transport restrictions, have caused significant disruptions to the economy, which was already growing at record-low levels before the virus outbreak.
These low-risk zones, along with areas with only a small number of infections, should “comprehensively restore production” and 2020 Global Recession Fears As Coronavirus Shuts Down Stuttering the Chinese Economy.
Medium-risk zones should recommence production in an “orderly manner,” while the priority for hard-hit areas like Hubei, the province at the center of the outbreak, was still containing the virus. Coronavirus: Wuhan, the city at the epicenter of the epidemic, marks a month under lockdown.
Read More:
https://towersofzeyron.com/us-china-202 ... e-economy/
It is unavoidable that the novel coronavirus epidemic will have a considerable impact on the economy and society, and will destroy businesses and livelihoods in China, the US, Asia, North America, the UK, Germany, the EU, and almost everywhere around the world. It will also impact technology companies’ stocks, e.g., Facebook, Amazon, Apple, Microsoft, etc.
The virus, which has claimed the lives of more than 2,500 people and infected more than 77,000 in the mainland, is the most significant public health crisis to hit China and other parts of the world. Containment measures which include mandatory quarantine for workers, partial shutdowns of factories, and transport restrictions, have caused significant disruptions to the economy, which was already growing at record-low levels before the virus outbreak.
These low-risk zones, along with areas with only a small number of infections, should “comprehensively restore production” and 2020 Global Recession Fears As Coronavirus Shuts Down Stuttering the Chinese Economy.
Medium-risk zones should recommence production in an “orderly manner,” while the priority for hard-hit areas like Hubei, the province at the center of the outbreak, was still containing the virus. Coronavirus: Wuhan, the city at the epicenter of the epidemic, marks a month under lockdown.
Read More:
https://towersofzeyron.com/us-china-202 ... e-economy/