The economic recovery of Asian countries is better than the West
December 07, 2020 09:36 Source: "China Social Sciences", December 7, 2020, Issue 2063:

This newspaper comprehensive foreign media reported that the official website of Cambridge University in the UK recently published a news,No country can have an economic impact immunity caused by the epidemic of new crown pneumonia,But compared with most Western economies,The economy of Asian countries such as China will recover at a faster speed。

The long -term impact bet365 Play online games of predicting the epidemic on various economies,Researchers based on quarterly economic data since 1979,Create a model covering 33 countries around the world。Researchers think,Due to uncertainty at the global level,80%of developed countries and many emerging economies have been hindered。Economic output at the global level will be affected,duration may be up to 10 years。Due to the overflowing effect of other countries,Even countries with relatively loose blockade can not be exempted from economic losses。

Cambridge University'bet365 best casino games s Economics Scholar Kamiar Mohaddes of Jaqi Business College, said,The epidemic is an unprecedented global impact,will cause supply and demand to be hindered at the same time。The epidemic reduces labor supply,Caused a decline in productivity,Traffic blockade、Social isolation and other measures and corporate shutdown will also cause supply interruption。In terms of demand,Isolation、unemployment, etc., caused corporate layoffs and employee income loss,Coupled with unknown economic prospects,As a result, family consumption bet365 live casino games and corporate investment are reduced。

Research results show,Economic affected in the United States and the United Kingdom may be more long -lasting,and China's economic improvement is far faster than that of major Western countries。Muhades thinks,Driven by China,The performance of most Asian emerging economies will be better than the global average。Emerging market countries except Asia shows more prominent vulnerability。

(Chen Yutong/Compilation)

Editor in charge: Cui Cen
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