{"title":"Yiping Huang Comments on The Global Macroeconomic Impacts of COVID-19: Seven Scenarios","authors":"Yiping Huang","doi":"10.1162/asep_a_00819","DOIUrl":null,"url":null,"abstract":"Yiping Huang, Peking University: COVID-19 has dramatically changed the shortterm growth trajectory of the world economy. In October 2019, the IMF predicted that the world, the United States, and the Chinese economies in 2020 would grow by 3.4 percent, 1.7 percent, and 5.8 percent respectively (IMF 2019). In June 2020, due to the COVID-19 shock, the IMF downgraded these forecasts to −4.9 percent, −8.0 percent, and 1.0 percent, respectively (IMF 2020). But the exact macroeconomic impacts of COVID-19 are still not clear. We do not yet fully understand how the virus initially emerged and how it mutates. The mechanisms through which the pandemic affects economic activities are even more complex.","PeriodicalId":52020,"journal":{"name":"Asian Economic Papers","volume":"20 1","pages":"38-40"},"PeriodicalIF":5.3000,"publicationDate":"2021-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Asian Economic Papers","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1162/asep_a_00819","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 1
Abstract
Yiping Huang, Peking University: COVID-19 has dramatically changed the shortterm growth trajectory of the world economy. In October 2019, the IMF predicted that the world, the United States, and the Chinese economies in 2020 would grow by 3.4 percent, 1.7 percent, and 5.8 percent respectively (IMF 2019). In June 2020, due to the COVID-19 shock, the IMF downgraded these forecasts to −4.9 percent, −8.0 percent, and 1.0 percent, respectively (IMF 2020). But the exact macroeconomic impacts of COVID-19 are still not clear. We do not yet fully understand how the virus initially emerged and how it mutates. The mechanisms through which the pandemic affects economic activities are even more complex.
期刊介绍：
The journal Asian Economic Papers (AEP) is supported by several prominent institutions, including the Center for Sustainable Development at Columbia University in the United States. This shows that there is a strong emphasis on sustainable development within the journal's scope. Additionally, the Korea Institute for International Economic Policy in South Korea, the UN Sustainable Development Solutions Network (SDSN) in Malaysia, and the Economic Research Institute for ASEAN and East Asia in Indonesia also sponsor AEP. The articles published in AEP focus on conducting thorough and rigorous analyses of significant economic issues pertaining to specific Asian economies or the broader Asian region. The aim is to gain a deeper understanding of these issues and provide innovative solutions. By offering creative solutions to economic challenges, AEP contributes to the discourse and policymaking that impact the Asian economies and region as a whole.
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