"The elephant in the room" ist doch im Moment der Coronavirus.
Will the Coronavirus Cause a Recession?
Hard as it is to envision, the world’s second-largest economy is coming to a near standstill.
Consumption has also been cut drastically, as people mostly stay indoors. Service industries such as tourism and restaurants are being hit especially hard. Companies in this sector, as well as small manufacturers, have been driving China’s employment growth, but they tend to have little financial cushion.
China’s sheer size, along with its roles as an engine of global economic growth and a dominant player in commodity markets, means that a hit to China will have significant ramifications all over the world. Oil prices have tumbled as China’s growth prospects weaken and international travel, particularly to and from China, decreases.
Und vergessen wir nicht, dass im Rahmen der Globalisierung und des Outsourcings viele Komponenten für im Rest der Welt hergestellte Produkte aus China kommen. Nicht zuletzt wichtige Wirkstoffe für Medikamente (z.B. Antibiotik) welche aus Kostengründen ausschliesslicin China produziert werden.
China’s sheer size, along with its roles as an engine of global economic growth and a dominant player in commodity markets, means that a hit to China will have significant ramifications all over the world. Oil prices have tumbled as China’s growth prospects weaken and international travel, particularly to and from China, decreases.