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fridi...Wait for it...
...You guessed it...
...China!
China's economic recovery gains even more momentum
China was the first to be hit by the coronavirus. The total lock-downs and other severe restrictions hit its economy pretty hard. For the first time since 1992, the world's second largest economy suffered a negative growth (-6.8%) for Q1 of this year. The whole country was practically closed. Hundreds of millions had no choice but stay in strict quarantine for weeks and months.
All the pain must have paid off good, not just from a health standpoint but also economic. For months there've been almost no new covid cases in China, save for a couple dozen a day, most of them incoming from abroad. They have to stay in a two-week quarantine in specially designated hotels after arrival, anyway. This seems to have had the desired effect. China is currently nowhere near the situation in Europe and North America.
( Read more... )
...You guessed it...
...China!
China's economic recovery gains even more momentum
China was the first to be hit by the coronavirus. The total lock-downs and other severe restrictions hit its economy pretty hard. For the first time since 1992, the world's second largest economy suffered a negative growth (-6.8%) for Q1 of this year. The whole country was practically closed. Hundreds of millions had no choice but stay in strict quarantine for weeks and months.
All the pain must have paid off good, not just from a health standpoint but also economic. For months there've been almost no new covid cases in China, save for a couple dozen a day, most of them incoming from abroad. They have to stay in a two-week quarantine in specially designated hotels after arrival, anyway. This seems to have had the desired effect. China is currently nowhere near the situation in Europe and North America.
( Read more... )
