Yu Zhen, executive director and professor of the US Canada Institute of Wuhan University, said that the spread of the epidemic has greatly increased the risk of US economic recession. The Federal Reserve hopes to use its loose monetary policy tools and unlimited liquidity support to slow down the impact of the epidemic and stabilize market confidence. However, the current predicament of the U.S. economy is not a simple liquidity problem, but rooted in the new crown epidemic.
Zhang Yansheng, chief researcher of China International Economic Exchange Center, said that there are various opinions about the impact of the epidemic on the world. But in any case, basically, the global economy is in recession. According to the definition of IMF, the global economic growth rate falls into recession when it is below 2.5%. This year, the global recession has become a foregone conclusion. When the spread of the epidemic in Europe and the United States is out of control, because the disease is characterized by isolation, isolation is a pause. If the supply chain, production chain and value chain in Europe and America are suspended, it will have a great impact on China, which has never been seen in history. In the past, no matter the great depression or the great crisis, there has never been a pause in the two most developed regions in the world.