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Suggestions on China's Financial Development based on the Actual Situation in the Late Epidemic Period

Guo Zhang, Chunxi Zhou, Qi Xie, Xiaoyu Cai, Guohai Zhang
Vol. 2, No. 11, pp. 316-321, 2022 DOI: 10.54691/fhss.v2i11.2915 November 21, 2022
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Abstract.The epidemic has led to a sharp decline in the global economy. The World Bank predicts that the global economic growth will reach 5.2% by 2020, which is the worst recession since World War II. The International Monetary Fund lowered its global growth forecast for 2020 from 1.0% to 4.9%, including 8.0% in the United States, 10.2% in the Eurozone and 4.5% in India. The economic recovery of major industrialized countries, Latin America and even Africa may take five to ten years. The US subprime mortgage crisis and European debt crisis in 2008-2009 have made many countries' economies not recover to the level of 2008 or 2013-2014 until 2018-2019. Latin American countries reflect that Latin America may face another lost decade.
Keywords. Late Epidemic Period; Financial Development; Policy Suggestion.
APA Citation Guo Zhang, Chunxi Zhou, Qi Xie, Xiaoyu Cai, Guohai Zhang (2022). Suggestions on China's Financial Development based on the Actual Situation in the Late Epidemic Period. Frontiers in Humanities and Social Sciences, 2(11), 316-321. https://doi.org/10.54691/fhss.v2i11.2915

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