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The global fight against the bet365 Casino Live Dealer Games has a profound impact on economic development

bet365 Casino Live Dealer Games 24, 2020 01:44 Source: "China Social Sciences Journal" Issue 1914, bet365 Casino Live Dealer Games 24, 2020 Author: Zhao Yuan, our reporter in London

　　April 14，The International Monetary Fund predicts that the global economic growth rate in 2020 will be -3% in the "World Economic Outlook"。To this，Our reporter interviewed relevant experts and scholars on the impact of the new coronavirus bet365 Casino Live Dealer Games on global economic development。

　　The bet365 Casino Live Dealer Games will be a catalyst for international cooperation

　　Will Hutton, Dean of Hertford College, University of Oxford, UK, thinks，Now more than ever, it is necessary to strengthen international cooperation。Currently，The international community has realized the importance of coordination to stimulate the economy。The bet365 Casino Live Dealer Games will be a catalyst for a new round of cooperation between countries，Promote international governance to become more complete and fair。

　　Peter Frankopan, professor of global history at Oxford University in the UK, said in an interview with this reporter，"Currently，Promoting international cooperation to fight the bet365 Casino Live Dealer Games is crucial，Regardless of using existing drug treatments，Whether large-scale vaccine development requires international cooperation。current，Unprecedented level of collaboration and sharing between research institutions。I think，Cooperation between the UK and China is an important measure to jointly promote control of the bet365 Casino Live Dealer Games”。

　　Franco Pan said，History tells us，When an infectious disease occurs on a global scale，The development of society and academic thought in various countries will undergo major changes。The COVID-19 bet365 Casino Live Dealer Games seems to be just such a moment，Before the bet365 Casino Live Dealer Games is completely controlled，We had no idea how profound these changes would be。

　　Increasing pressure on medium and long-term bet365 Casino Live Dealer Games growth

　　Forecasts from the "Regional Economic Outlook" report published by the European Bank for Reconstruction and Development in April，The COVID-19 pandemic will lead to a significant shrinkage in the economic production capacity of emerging European economies。The extent of the economic contraction and speed of recovery will depend largely on the duration of measures to contain the bet365 Casino Live Dealer Games，And this would result in the greatest disruption to global economic activity since World War II。In the long run，The COVID-19 bet365 Casino Live Dealer Games may prompt countries to reassess the concentration risks of global manufacturing，Leading to the diversified development of manufacturing，Bring new development opportunities。

　　April 9，BoE Announcement，The scale of utilization of the Ways and Means facility will be temporarily expanded。Maria Demertz, deputy director of the Brussels Institute for International Economics, a Belgian think tank, said，This initiative temporarily directly funds the UK Government’s additional spending needs。This move by the Bank of England will allow the British government to meet its cash needs in response to the bet365 Casino Live Dealer Games，without causing excessive debt growth。But this move has certain risks，Thus it is a temporary arrangement。Previously，The European Central Bank has decided that all sovereign countries in the euro area can obtain cash liquidity from the market to deal with the new coronavirus bet365 Casino Live Dealer Games。

　　The "Regional Economic Outlook" report believes that，Restrictions on cross-border and domestic movement expected to last for months，It is possible to gradually relax and return to normal in the second half of the year。Regional economic output may contract in 2020，After the blockade is gradually relaxed，Growth bet365 Casino Live Dealer Games resume。If restrictions continue to be extended，The economic impact bet365 Casino Live Dealer Games be significantly deepened。Prolonged quarantines and prolonged closures of schools and businesses could lead to severe losses in productive capacity。This bet365 Casino Live Dealer Games have serious implications for potential mid- to long-term growth，To the airline、Consumer service industries such as movie theaters and restaurants have caused profound structural damage。Restrictive measures bet365 Casino Live Dealer Games also bring huge financial costs，Resulting in a sharp increase in public debt。

　　current，External shocks include sharp declines in commodity prices，Putting pressure on the economies of commodity exporting countries，Destroy the global value chain，Tourism and other industries suffered setbacks。Lower commodity demand bet365 Casino Live Dealer Games impact commodity exporters in the region，Especially Azerbaijan、Kazakhstan、Mongolia、Russia and Turkmenistan。However，Some commodity exporting countries，Especially Russia and Kazakhstan，Substantial fiscal buffers and international reserves have been accumulated，And be able to implement economic stimulus while taking containment measures。And Georgia、Albania、Croatia、Montenegro、Tourism revenue in Cyprus and Greece exceeds 20% of GDP，Extremely vulnerable to widespread disruption to global tourism。

　　Franco Pan thinks，Even if some countries can control the bet365 Casino Live Dealer Games，And gradually lift restrictions、Return to normal，But it will still take time to control the bet365 Casino Live Dealer Games on a global scale。International travel restrictions impact business and leisure travel，Also affects long-distance and short-distance freight。The domestic market will become increasingly important，This will, to a certain extent, provide impetus for rapid innovation in manufacturing in various countries，And bring about changes in the global supply chain。Present，Coordinated international financial cooperation is more conducive to ensuring the normal operation of the global supply chain，Lower existing trade barriers，And for workers affected by the bet365 Casino Live Dealer Games、Families and businesses provide assistance。

　　(bet365 Casino Live Dealer Games newspaper, London, April 22)

Editor: Chang Chang

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