China releases economic data on COVID-19 impact

Earlier today, China’s National Bureau of Statistics released the COVID-19 impact report for the first two months of 2020[1]. According to the document, the country’s economic development has been affected by the outbreak epidemiological. However, this impact will only be “short-term, external and manageable”. The reality is that the Chinese economy has not experienced a similar contraction in the last 30 years, ringing alarm bells of policy makers and authorities from other countries currently fighting the epidemic of the possible effects of the epidemic outbreak in the global economy.