Economic Recovery From COVID-19 And Geopolitical Ramifications

Economic Recovery From COVID-19 And Geopolitical Ramifications

All businesses in industries that entail close contact with the public are now in jeopardy.. Four members of the Forbes Asia Panel of Economic Commentators share their insights on COVID-19's global economic impacts, and how different regions may recover at different speed in the near term, led by China and East Asia, then Southeast Asia, including an in-depth look at how the Chinese economy is normalizing.. A fallout of the pandemic is its politicization as exemplified by the response of governments in the Mekong region.. Consumer spending will plunge, businesses will not only defer hiring and capital spending but also lay off workers.. Jim Walker: Effective Government Policy Response Must Focus On Supporting Businesses. To ensure that the global economy can recover quickly once the worst of the COVID-19 outbreak is over, governments need to get their policy response right.. The right government policy response is to focus on supporting the business sector, especially small businesses, that have suffered from supply disruption initially, and then weakening demand as countries shut down their borders and movement of people are severely restricted.. In unusual crisis conditions, running budget deficits which support businesses equally across the capital structure of the economy is the