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Frontiers of Economics in China

Front. Econ. China    2020, Vol. 15 Issue (2) : 167-178     https://doi.org/10.3868/s060-011-020-0008-8
Orginal Article
Five Basic Insights into the Economic Impact of the COVID-19 Outbreak
Jun Zhang()
School of Economics and China Center for Economic Research, Fudan University, Shanghai 200433, China
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Abstract

This article analyzes the economic impact of the COVID-19 outbreak, and puts forward with five basic insights concerning the degree of the impact, its duration, its key areas, and its quantitative calculation, among other aspects. The article holds that it is necessary to have a more objective understanding and judgement of how the virus affects the economy, particularly gross domestic product (GDP) growth for 2020Q1 and the entire year. Only on the basis of reasonable analysis can we better grasp measures required to cope with the economic impact, combined with more targeted policy launch and adjustment, so as to speed economic recovery to its normal level.

Keywords COVID-19 outbreak      economic growth      supply chain      medium-      small-and micro-sized enterprises (MSMEs)     
Issue Date: 10 July 2020
 Cite this article:   
Jun Zhang. Five Basic Insights into the Economic Impact of the COVID-19 Outbreak[J]. Front. Econ. China, 2020, 15(2): 167-178.
 URL:  
http://journal.hep.com.cn/fec/EN/10.3868/s060-011-020-0008-8
http://journal.hep.com.cn/fec/EN/Y2020/V15/I2/167
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