the hesitant economic prospects for the present year 2023 they have received a strong dose of encouragement. The sudden easing of Chinese policy regarding contagion with the Covidhas acted as an injection of encouragement for the forecasts about the growth of the economy world.
The enthusiasm, logically, does not come from the fact that a more rapid spread beyond the virus generates greater sales of medicines, because even if this happened, its impact would be more than offset by the loss of work hours due to infections. It is because the drastic forced closures of cities and regions had been causing serious economic damage. In addition to the damage to activities in China itself, its deleterious consequences spread across the globe, via disruptions in supply chains, disruptions to travel and transportation networks, and declines in international financial flows and in investment projects.
Considering the role played by the economy China as the engine of the economy worldwide, as well as their participation in productive structures through the provision of inputs, the lifting of many restrictions that accompanied the reduction of the health alert level, has created expectations that the alleged, and feared, global economic recession that some analysts and organizations have considered probable for this year, it will not materialize.
Experts, however, recommend moderating enthusiasm. They indicate that the reactivation and recomposition of the economic activities affected by the measures against Covid it won’t happen right away. They estimate that it will be a gradual process, which will impact different sectors in a different way, showing temporary imbalances in their rate of recovery. And to this is added the possibility that the substantial increases in infections make it imperative to restore, even partially, the controls that had been suspended.
