22 May

Lockdown measures implemented due to the Covid-19 pandemic have led to contraction of GDP levels globally.

Research indicates that some of the damage caused by the pandemic may be undone by lifting the restrictions.

The lockdown measures, however, should be lifted based on a strategic approach to avoid the threat of a second wave of infections.

Gregory Daco, Chief US Economist at Oxford Economics, shared an article on how lifting of lockdown restrictions in China helped in returning the industry value to positive levels in April.

Retail sales, however, were lagging due to consumers’ maintaining voluntary social distancing.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

Tick here to opt out of curated industry news, reports, and event updates from Power Technology.

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The article notes that based on the trends in China, the global economy may start to expand again if the lockdown restrictions are lifted.

Consumers may start to spend on goods and services that they could not purchase in the second quarter but will also cut back their spending on other areas, the article added.