UNDER PANDEMIC SHOCKWAVES
The author is a senior researcher with China Center for International Economic Exchanges
The novel coronavirus disease (COVID-19) is raging around the world, with over 2.6 million confirmed cases in more than 200 countries and regions as of April 23.
More than 170 countries have announced epidemic control measures, including travel restrictions, border controls and national lockdowns, to prevent wider infections. But this has also limited the flow of goods and people, while production and trade activities in many countries have slowed or stagnated, striking a further blow to the already fragile global economy.
Following the Great Depression of the 1930s and the 2008 global financial crisis, the looming recession caused by the COVID-19 pandemic might become the third major economic
