x
Post
Consult
IM
留言
Feedback
Top
*标题:
*内容描述:

No evidence lockdowns came at a huge cost to the economy, says Nobel laureate

1612765378(1).jpg

Reference:CGTN | Updated:18 Feb 2021

Economic ascent can only be pocketed by first containing the coronavirus-induced deaths, Nobel Prize-winning economist Angus Deaton said this month.

There was once a belief that lockdowns imposed on holding the virus in check would come at a huge cost to the economy, but Deaton refuted the standpoint.

Although a wide assortment of factors resulted in the high death tolls in developed countries, it also has a close bearing on income loss amid the pandemic, according to Deaton.

"There is no evidence in these data for the existence of any such trade-off. Instead, the route to growth lies through stopping deaths," said Deaton in a paper published this month.

"It is not a matter of your money or your life, but your money and your life," the Princeton University professor added.

China's economic output crept up 2.3 percent for all 2020 and is set to be the only major economy to have pocketed that star-spangled report card amid a slugfest with the deadly coronavirus.

The world's second-largest economy is also tipped to notch an 8.1 percent gain in terms of GDP for 2020, according to the IMF's latest update to its World Economic Outlook.

Despite the sporadic COVID-19 cases flaring up in some of the country's provinces, it can be said China handled the crisis well.

If you have any questions or requirements, you can contact us, or click “”on the right side of this page to contact our online service.
0 0
0 Comments
Your Comment
* Email
Login to comment
Submit
RSS SUBSCRIBE!
RSS SUBSCRIBE
Copy the RSS feed url here
https://www.buildmost.com/rss/news.xml
Copy
join now for free
* Language (Spoken):
Please select all your communication languages. This can help connect you with more requirements faster.
Official Recommended Communication Languages (Based on Location/Address You Enter): Please choose your address first. Official recommended communication languages will be displayed after you have selected the address.
Other Communication Languages: You can simply select from some international common languages.
+ Add More You can add other languages that are not shown above.
Cannot be blank !

Verification Failed:

* Language (Written):
Please select all your communication languages. This can help connect you with more requirements faster.
Official Recommended Communication Languages (Based on Location/Address You Enter): Please choose your address first. Official recommended communication languages will be displayed after you have selected the address.
Other Communication Languages: You can simply select from some international common languages.
+ Add More You can add other languages that are not shown above.
Cannot be blank !

Verification Failed:

If your languages are not shown above, please contact us: service@buildmost.com