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All productive output doesn't stop during a lockdown. And not all of the world is locked down, including China, the second largest economy in the world.
by HaseebQ 6y ago
All productive output doesn't stop during a lockdown. And not all of the world is locked down, including China, the second largest economy in the world.
- smdz 6y agoYou are right, we have at least 20-30% productivity in lockdowns. But most large economies are in lockdown and China is just 15-16% of world economy. It is export oriented and only essentials have demand and functional supply chains in these lockdowns. Even with all the best case scenarios, that 3% number does not feel right