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

Authors

  • Guo Zhang
  • Chunxi Zhou
  • Qi Xie
  • Xiaoyu Cai
  • Guohai Zhang

Keywords:

Late Epidemic Period; Financial Development; Policy Suggestion.

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.

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Published

2022-11-21

How to Cite

Zhang, G., Zhou, C., Xie, Q., Cai, X., & Zhang, G. (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. Retrieved from http://bcpublication.org/index.php/FHSS/article/view/2915

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Section

Articles