News and Insights
Natixis’ Alicia Garcia Herrero writes for City AM about the Chinese economic experience with Coronavirus and what it can teach the rest of the world
April 16, 2020
Writing for City AM, Alicia Garcia Herrero – Chief Economist for Asia Pacific at Natixis – examines the aftershocks that China’s economy is facing from the Coronavirus outbreak – including rising unemployment and heightened bankruptcy risks for small companies and regional banks.
While the economy is struggling to regain its footing, China’s success in slowing the epidemic is proof that the country’s draconian containment measures worked, explains Herrero. Implemented correctly, the lockdown will help curb the spread of the virus in more regions and enable a robust recovery that will spur widespread economic growth.
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TAGS: Financial Services