China is entering the most dangerous weeks of the pandemic. The authorities are making almost no efforts now to slow the spread of infections and, with the migration ahead of Lunar New Year getting started, any parts of the country not currently in a major COVID wave will be soon. Cases may peak in the next two or three weeks in many major cities, with healthcare facilities under maximum strain shortly after. Mobility data suggest that economic activity is depressed nationwide. It will remain so until the infection wave has begun to subside.
– This will be the last Economics Weekly for 2022. The next Weekly will be sent on Friday 6th Jan. 2023 –
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services