OECD lowers 188bet online live casino this year to 2.4%,China accounts for 9% of global tourism and has a great impact on the tourism industry

Industrial Investment Author of this article: Zhang Ruoting 2020-03-03
China accounts for 17% of 188bet online live casino GDP,11% of world trade,9% of 188bet online live casino tourism and more than 40% of 188bet online live casino demand for some goods,The epidemic has a great impact on other parts of the world。

March 2,The Organization for Economic Cooperation and Development (OECD) releases the latest World Economic Outlook (hereinafter referred to as the "Report"),Change the 188bet online live casino forecast in 2020 from 2.9% reduced to 2.4%。Laurence Boone, chief economist of the OECD warns,Under the risk of the global outbreak of the new coronavirus,The world economy is in its most unstable state since the global financial crisis。At the same time, if the situation worsens,He urged the Group of 20 (G20) to take joint action。

March 2, 2020,OECD 188bet online live casino Economic Development Outlook

Also,According to OECD,The U.S. 188bet online live casino rate in 2020 is expected to be 1.9%,Previously expected to be 2.0%。OECD estimate,The UK will enter a period of economic recession in the event of a no-deal Brexit,Also Japan、Eurozone economic development faces greater risks。

It’s worth noting,The OECD has raised its 188bet online live casino forecast for 20210.3 percentage points to 3.3%,And believe that some signs of world economic stabilization had already appeared before the epidemic。Report clear,China-based epidemic peaked in the first quarter of 2020,The economy gradually recovered in the second quarter;While other countries have fewer new cases and are under control,Production capacity in various countries around the world is gradually recovering,Based on these conditions,188bet online live casino will rebound to about 3 in 2021.25%。

Boone calls on countries to cooperate on health care and epidemic prevention and control measures,Also appropriate fiscal and monetary support coordinated by countries,It will help reverse the situation of declining confidence in 188bet online live casino development。

Report indicates,If the G20 implemented stimulus measures collectively instead of individually,Then just two years later,The median growth effect of G20 economies will increase by 1/3。Boone said,In today’s globally interconnected economy and society,Fighting the coronavirus and its 188bet online live casino and social impact is “everyone’s problem”,Even a company’s decision to “return to work” after the impact of the virus is crucial。

Report thinks,There are still many uncertainties about the impact of the epidemic on the global economy,This will suppress global GDP growth in the first half of this year,It is even possible that 188bet online live casino will drop below zero in the first quarter of 2020。

Boon said,Due to quarantine policies and travel restrictions in some countries and regions、Factory closures and significant reductions in activity in many service industries,188bet online live casino economic development has been severely disrupted。

Report states,Over the past two years,188bet online live casino growth is already in a slowdown stage,The impact of the new coronavirus epidemic will lead to further weakening of the world economy。High frequency indicators such as coal demand indicate,China’s economy was greatly affected in the first quarter of 2020。Since China accounts for 17% of 188bet online live casino gross product (GDP),11% of world trade,9% of 188bet online live casino tourism and more than 40% of 188bet online live casino demand for some goods,This epidemic has a greater negative spillover to other parts of the world,Tourism、Supply chain disruption、Product demand and consumer confidence will be affected。

Report thinks,The current priority policies of governments should be to control the 188bet online live casino and reduce severe cases,The government should also allow short-term work plans under the premise of preventing and controlling the 188bet online live casino,And provide temporary subsidies or support policies for factories and families that have lost their financial resources due to shutdowns or layoffs。Restrict travel,Isolation and cancellation of public events are necessary to control the 188bet online live casino。Also,The government should increase spending in the health sector,To respond to the virus outbreak and support scientific research。

*Source of this article: The Paper, author: Zhang Ruoting, original title:OECD lowers 188bet online live casino this year to 2.4%,Affected by the new coronavirus epidemic》.

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