Economics During the Pandemic: U.S. vs. China

DOI

10.2991/aebmr.k.210917.038How to use a DOI?

Keywords

COVID, Supply-side shocks, Demand shocks, labor market, CPI, PPI, GDP Inflation, Unemployment Rate, Treasury, Interest rate

Abstract

At the end of 2019, COVID-19 outbroke that had a crucial impact on global economics. Containment is slowly becoming the antithesis of economic development. To study what aspects of our economy have been affected by the COVID-19 outbreak, and how to analyze and try to study and solve these problems from an economic perspective. This is the goal of this paper. Methods: By analyzing the supply and demand sides, unemployment rate and macro policy of the two countries, the Chinese and American economies under the epidemic were explored. To analyze their influence and to figure out future economic trends. Conclusion: The epidemic has greatly impacted the supply and demand market of the global industrial chain. Slack in global trade and production has led to a sharp rise in unemployment. There are a lot of structural risks for both the Chinese and American economies. Through fiscal stimulus, we will stabilize employment, accelerate recovery and seek new growth. China and the United States are slowly emerging from the mire of the epidemic.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yukai Zhang
PY  - 2021
DA  - 2021/09/18
TI  - Economics During the Pandemic: U.S. vs. China
BT  - Proceedings of the 2021 International Conference on Financial Management and Economic Transition (FMET 2021)
PB  - Atlantis Press
SP  - 237
EP  - 240
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210917.038
DO  - 10.2991/aebmr.k.210917.038
ID  - Zhang2021
ER  -