Even if we consider a global lockdown impact of 3-4 months, the fall in output should be roughly between 25-30%. The best case could be 13.4% i.e 3.3-16.7(for 2 months)
Not an economist, but I don't understand how they calculate just 3%
Further, when this is over, I think the crisis will lead into a geopolitical crisis. Also it is good to assume that multiple countries will not let China (govt) simply get away with this. There could be policies that can end up resulting into collateral damage
Not an economist, but I don't understand how they calculate just 3%
Further, when this is over, I think the crisis will lead into a geopolitical crisis. Also it is good to assume that multiple countries will not let China (govt) simply get away with this. There could be policies that can end up resulting into collateral damage