Expert Opinions
The New Wave of COVID in the World: The China Challenge
The new wave of the COVID-19 pandemic has highlighted one critical global development: the rise of China. It is the only major economy that will grow this year. The IMF forecasts growth at 1.9 percent, a sharp drop from the 6-plus percent China is used to, but well above the -4.3 percent forecast for the United States, -8.3 percent for the Eurozone, -5.3 percent for Japan, -10.3 percent for India, and -4.1 percent for Russia.