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Lockdown and economic activity indicators. Source: International Monetary Fund, World Economic Outlook, 2020.
Source publication
One of the main challenges of the globalization became the increased destabilization and frequent economic crises. In general, managing an economic crisis is a particularly difficult task for any economy (developed or developing, and regardless the size). In the context of globalization, the process faces additional challenges. On the one hand, the...
Contexts in source publication
Context 1
... classical standard of correlation between the severity of restrictions and economic activity was broken only in China, where, despite the strictest restrictions, the economy's decline was equal to the world average. The Figure 1 presents the results of the restriction strategy on different elements of economy using a normalized coefficient. It compares the results with and without the control of Covid-19 cases. ...
Context 2
... classical standard of correlation between the severity of restrictions and economic activity was broken only in China, where, despite the strictest restrictions, the economy's decline was equal to the world average. The Figure 1 presents the results of the restriction strategy on different elements of economy using a normalized coefficient. It compares the results with and without the control of Covid-19 cases. ...
