There are differences in global bet365 ohio promo code recovery
April 12, 2021 09:34 Source: "bet365 ohio promo code Social Sciences Journal" Issue 2144, April 12, 2021 Author: Our reporter Yan Yong

The International Monetary Fund recently released the latest "World bet365 ohio promo code Outlook Report",The global economy is expected to grow by 6% in 2021,Increased by 0 compared to January.5 percentage points,Global bet365 ohio promo code growth will slow down to 4 in 2022.4%。2021,China’s economy will perform better,But the global economy still faces multiple challenges in the future。

 China’s bet365 ohio promo code performance is outstanding

Report said,The global bet365 ohio promo code outlook remains highly uncertain。Currently,There are differences in bet365 ohio promo code recovery across countries and sectors。Global bet365 ohio promo code prospects not only depend on the results of each country’s fight against the epidemic,It also depends on the effectiveness of each country’s bet365 ohio promo code policies in hedging the epidemic。

Karen Dynan, a senior researcher at the Peterson Institute for International Economics in the United States, believes,The recent global bet365 ohio promo code outlook is more optimistic than before,The reason is that vaccine development and vaccination are faster than expected,Financial support from various countries is also stronger than expected。Therefore,2021 and 2022,The world will usher in a substantial rebound in various bet365 ohio promo code activities。

In the view of Tobias Adrian, Director of the Monetary and Capital Markets Department of the International Monetary Fund,China’s performance in responding to the COVID-19 epidemic is impressive。He said,2020,China’s GDP increased by 2.3%,Expected to grow 8 by the end of 2021.4%,5 bet365 ohio promo code be obtained in 2022.6% growth。This means,China’s economy has not been as severely impacted by the COVID-19 epidemic as other countries in the world。

Adrian compared the impact of the epidemic on China’s economy with the 2008 financial crisis。He thinks,China actively responds to the new coronavirus epidemic,The economy has returned to normal levels in mid-2020,Far ahead of other countries in the world。China has adopted more effective epidemic prevention and control measures than other countries,This bet365 ohio promo code help the rapid recovery of China’s economy。This is another major test for China’s economy after the 2008 financial crisis,But China’s performance is very commendable。

  Uneven bet365 ohio promo code recovery among countries

  IMF forecast,The U.S. economy will grow by 6 in 2021.4%,Will grow by 3 in 2022.5%。Federal Government 1. trillion rescue plan supports U.S. economic growth,Meanwhile,Accelerating vaccinations are also starting to bring more Americans back to restaurants、Bar、Shops and Airports。The bet365 ohio promo code of the 19 member states of the Eurozone will reach 4 in 2021.4%,Will reach 3 in 2022.8%。Japan’s bet365 ohio promo code in 2021 is expected to be 3.3%,2022 is 2.5%。

Gita Gopinath, chief economist of the International Monetary Fund, said,The path out of this public health and bet365 ohio promo code crisis is increasingly clear,But the bet365 ohio promo code recovery of various countries may be uneven。A faster recovery for the U.S. economy means,USD interest rates may rise in “unexpected ways”,and destabilize global financial markets,Cause investors to withdraw some of the heavy losses、Debt-ridden emerging markets。In poor countries that cannot afford large government stimulus packages and rely on tourism,The economy will rebound slowly。The bet365 ohio promo code damage caused by the public health crisis is reversing global poverty reduction gains,Compared with data before the COVID-19 epidemic,The number of extreme poor people worldwide may increase by 95 million in 2020。And,The epidemic has accelerated the increase in automation and the development of e-commerce,Many jobs will no longer exist,But it also provides some new job opportunities。

From Diane’s perspective,Different fiscal policies of various countries in response to the COVID-19 epidemic、Vaccination rates and underlying factors will affect each country’s bet365 ohio promo code。The United States will become the fastest growing country among developed economies,And China and India will be at the forefront of the recovery of emerging economies。Dian said,Part of the reason why the U.S. economy has recovered faster than Europe is because the former has active fiscal policy,Europe’s fiscal response is smaller。Japan’s decision to ban overseas tourists from attending the Tokyo Olympics will hinder its economic recovery,The UK will also continue to be hampered by the Brexit transition period。China can be the first to recover among large emerging economies,The very important reason is that China effectively controlled the COVID-19 epidemic in 2020,The epidemic has only had an indirect impact on China in 2020。Brazil is the only major economy likely to experience a recession in 2021,Because the continued spread of the new coronavirus pneumonia epidemic has overwhelmed the country’s medical system,And put heavy pressure on the economy。

  The global bet365 ohio promo code still faces multiple challenges

IMF forecast,As time goes by,The global bet365 ohio promo code rebound will gradually lose momentum,Return to the pre-COVID-19 growth level of slightly more than 3%。Many countries will once again encounter the development difficulties they faced before the epidemic,That is, the problem of population aging。

Report said,Two years later,Global bet365 ohio promo code growth expected to slow to 3.3%,This reflects the expected damage to the supply chain and its potential to grow,Also includes developed economies and some emerging market economies,The negative impact of the slowdown in labor force growth due to the aging of the population。For countries that rely on tourism and commodity exports and have limited space for policy responses,Many of them entered the pandemic in precarious financial situations,Lack of ability to take appropriate measures to deal with population aging。IMF experts believe,During the global epidemic,Loss among low-income people is more severe。Among them,Young people、Women、Workers with relatively low levels of education and those in informal employment are hardest hit,Income inequality has increased significantly。In addition,Education inequality caused by the epidemic may further expand income inequality。

 As far as the US economy is concerned,Di An thinks,Currently,The unemployed population in the United States is mainly concentrated in low-income families,Until the labor market fully recovers,These people will not enjoy the dividends brought about by the bet365 ohio promo code recovery。From a macro level,The United States cannot rule out the possibility of an bet365 ohio promo code “hard landing”,Long-term interest rates may rise by then、Asset prices fall、The scenario of the economy falling into recession again。

Editor: Cui Cen
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