Thus, the recent measures of the US government to lift travel restrictions from a number of countries while limiting the spread of COVID-19 will have a significant positive impact on the recovery of the economy. 4. Concluding Remarks Using an input-output model and data from OECD’s input-...
Impact on the U.S. Economy The pandemic began in February 2020 and was a catalyst forrecession.1The COVID-19 crisis pushed the U.S. stock market into bear market territory in March 2020, with the S&P 500 unable to recover to pre-pandemic highs until June 2020.2The U.S. unemployment ra...
CHICAGO, April 13 (Xinhua) -- Despite the negative impacts of COVID-19 in the first quarter, the Chinese economy will soon recover and the country is well on track toward the goal of building a moderately well-off society, said a U.S. scholar. "We can simply say that in the first ...
A U.S. professor of economics said the disease caused by the novel coronavirus will have some negative impact on the Chinese economy in the first quarter, but things will go back to normal in the rest of the year. CHICAGO, Feb. 13 (Xinhua) -- The effect of the disease caused by the...
As the COVID-19 spreads to more emerging markets and developing countries, its impact on the economy of these countries will be amplified. In emerging economies where the virus is spreading rapidly or the situation is more severe, the short-term impact of the pandemic on the economy has shown...
Park is not hopeful that solutions to the workforce crisis are imminent. "The solutions, no matter what they are, aren't coming fast enough. There's nothing that is going to impact 2022 to make these women's lives easier. ... We're at the lowest point of women in the workfor...
The downsides assume that, while China’s growth turns negative, demand for the resins in the rest of the world would grow in line with our base cases. But this seems highly unlikely because of the global impact of a weaker-than-expected Chinese economy. ...
India had overtaken the UK as the fifth-biggest economy in 2019 but has slipped behind it again due to the pandemic’s impact. It won’t take over again until 2024, the CEBR says. 印度已经在2019年超越英国成为第五大经济体,但由于受到疫情影响又被英国赶超。印度想再次成为第五大经济体要等到...
This present study seeks to evaluate the pandemic's impact on poverty alleviation and the global GDP by considering individual countries' heterogeneous effects in a panel study. The motivation is to unravel the social and economic effects on the global economy. However, 170 countries are utilized ...
The aftershocks of the harsh lockdowns have had a massive impact on the GDP growth trends and are likely going to be a long-term feature. While some observers predict a quick recovery of the global economy, the ground realities suggest to the contrary. The developing economies also do not ...