Please wait a minute...

Frontiers of Economics in China

Front. Econ. China    2020, Vol. 15 Issue (2) : 167-178
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
Download: PDF(272 KB)  
Export: BibTeX | EndNote | Reference Manager | ProCite | RefWorks

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.
E-mail this article
E-mail Alert
Articles by authors
Jun Zhang
Related articles from Frontiers Journals
[1] Zhaomin Zhang. Inter-Region Transportation Costs, Regional Economic Growth, and Disparities in China[J]. Front. Econ. China, 2020, 15(2): 282-311.
[2] Xianchun Xu. The Slowdown of China’s Economic Growth in Terms of Statistics[J]. Front. Econ. China, 2019, 14(1): 72-79.
[3] Justin Yifu Lin. China’s Growth Deceleration: Causes and Future Growth Prospect[J]. Front. Econ. China, 2019, 14(1): 26-52.
[4] Guoqiang Tian. Deceleration of China’s Economic Growth: Causes and Countermeasures[J]. Front. Econ. China, 2019, 14(1): 3-25.
[5] Jiwei Lou. The Possibility and Approaches to an Upper Middle Growth Rate[J]. Front. Econ. China, 2016, 11(2): 196-209.
[6] Robert Barro. China’s Growth Prospects[J]. Front. Econ. China, 2016, 11(2): 192-195.
[7] Pak Hung Mo. Democracy and Economic Growth: Optimal Level and Transmission Channels[J]. Front. Econ. China, 2015, 10(1): 85-112.
[8] Derong Zhang. The Mechanism of the Middle Income Trap and the Potential Factors Influencing China’s Economic Growth[J]. Front. Econ. China, 2014, 9(3): 499-528.
[9] Ding Lu. How Green is China’s Path of Catching Up? An International Comparative Evaluation[J]. Front. Econ. China, 2014, 9(3): 484-498.
[10] Yanrui Wu. Productivity, Economic Growth and the Middle Income Trap: Implications for China[J]. Front. Econ. China, 2014, 9(3): 460-483.
[11] Zhuoshun Xu, Leshun Xu. The Potential Impact of Sino-Korean Bilateral Trade on Economic Growth and the Environment: A CGE Model Analysis[J]. Front Econ Chin, 2012, 7(4): 560-579.
[12] Hongchun Zhao. An Accounting Method for Economic Growth[J]. Front Econ Chin, 2012, 7(1): 44-69.
[13] Ding Lu. Transition of China’s Growth Pattern[J]. Front Econ Chin, 2011, 6(4): 535-555.
[14] Wenpu Li, Min Gong. China’s Growth Model and Structural Unbalance in the Open Economy[J]. Front Econ Chin, 2011, 6(2): 327-344.
[15] Zhiqing Dong, Linhui Wang, Jia Sun. Factor Function Characteristics and Origin of Economic Growth of China[J]. Front Econ Chin, 2011, 6(2): 229-248.
Full text