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The COVID-19 pandemic was a pandemic of Coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2); the outbreak was identified in Wuhan, China, in December 2019, declared to be a Public Health Emergency of International Concern from 30 January 2020 to 5 May 2023, and recognized as a pandemic by ...
China's economic growth is expected to slow by up to 1.1 percentage in the first half of 2020 as economic activity is negatively affected by the new COVID-19 outbreak, according to a Morgan Stanley study cited by Reuters. [139]
The Next Generation EU (NGEU) is a €750 billion economic recovery plan launched by the European Union in July 2020 in response to the economic challenges posed by the COVID-19 pandemic. [73] It aimed to mitigate the pandemic's immediate economic impacts and lay the groundwork for long-term recovery through investments in green energy, digital ...
The Chinese economy was expected to recover quickly in 2023 and resume its role as the undisputed engine of global growth. Instead, it stalled to the point where it’s being called a “drag ...
The estimate for total economic activity, or GDP, in 2023 for the world's second largest economy was increased by about 2.7% to 129.4 trillion yuan ($17.7 trillion), based on an economic census ...
This sparked widespread protests against lockdowns and COVID-19 policies across major Chinese cities, prompting the Chinese government to signal plans to ease restrictions. On 30 November, vice premier Sun Chunlan announced that pandemic controls are entering a "new stage and mission", adding that the Omicron variant is less virulent and that ...
Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. After four miserable years, a ...
The COVID-19 pandemic presents an opportunity to shape an economic recovery and the future direction of global relations, economies and priorities. [ 26 ] In June 2020, Klaus Schwab, who founded the World Economic Forum (WEF) in 1971 and is currently its CEO, described the three core components of the Great Reset. [ 4 ]