tirsdag 19. mai 2020

Why China’s post-lockdown recovery won’t work as a test case for reopening Europe and America

Amid the doom and gloom of the Covid-19 pandemic, the search is on for green shoots that could provide a path out of the crisis. As the country furthest along in the process of flattening the infection curve and restarting the economy, China is seen as an early predictor of the strength and sustainability of the post-lockdown recovery. Described by JPMorgan as Covid-19’s “first in, first out” economy, China, the country where the pathogen originated, is believed to offer a foretaste of things to come in Europe and America.