And while the worst of China's lockdowns have passed , it's expected GDP growth of around 3.2% for 2020 is a far cry from a decade ago. Plus, this time around China's policymakers are being much moreIn some part this is because the government is concerned it may have to institute another lockdown.
Policymakers are also being cautious because China is still dealing with a massive debt hangover from 2009. Skipping a recession doesn't come cheap. China spentavoiding the financial crisis, and in the years that followed it built up a massive, opaque shadow banking system that it has since been trying to tamp down since 2015.
Could the European Union could save us? The rapid response of Eurozone countries to the pandemic seemed to be a model for the rest of the world and a potential salve for the economic chaos. But now cases and it's unlikely that the bloc will have the economic power to boost the rest of the world for the time being.even when the coronavirus was brought under control we would live in a shrunken world — a world where human transactions would be limited. Since economic transactions are mostly human interactions, you can see the problem there. It was obvious that a slowdown was coming, how bad would depend on how we handled it.
April was a simpler time, back then the assumption was that the US would bring its first wave to heel and that a second waverear its ugly head in the fall. Of course, our first wave never ended. We have handled the coronavirus badly. The US unemployment rate is sitting at 8.3%. Testing is splotchy.
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lopezlinette For what? You guy's don't seem to get, God made us a perfect world to begin with. You alls have been given everything you need but you wanted more. Well guess what? You got more and you got burned because you're destroying what God gave you to take care of.
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