Au contraire des Etats-Unis ou des grandes économies européennes, le pays évitera l’écueil de la récession cette année.
Étiqueté : impact économique
Alors que les hôpitaux du pays sont saturés et que l’état d’urgence risque d’être à nouveau déclaré, le gouvernement prolonge la campagne «Go to Travel», qui incite les Japonais à faire du tourisme intérieur.
[Hong Kong] Hong Kong is facing a not-so-happy New Year, with annual fireworks display, parade both cancelled
– Officials are calling off the pyrotechnics over Victoria Harbour, as well as the annual Lunar New Year parade in February, due to the fourth wave of Covid-19 infections
– Industry leaders predict quieter business period ahead for restaurants and hotels as social-distancing restrictions
With the COVID-19 pandemic having challenged leaders worldwide to strike a balance between public health and the economy, Prime Minister Yoshihide Suga seems to hold the view that any cure involving a loss of economic momentum would be worse than the disease itself.
[Japon / Corée du Sud] Touchés par la troisième vague d’infections, Tokyo et Séoul doivent revoir leurs politiques
Le Japon vient d’annoncer une suspension de son grand programme de soutien au tourisme. La Corée du Sud va durcir, à partir de mardi soir, les règles de distanciation sociale dans sa capitale. L’hiver pousse la population dans des espaces clos et denses où le virus se transmet beaucoup plus rapidement.
L’économie mondiale plonge mais la Chine devrait afficher une croissance positive en 2020. Bien que sujets à caution, les indicateurs économiques de l’Empire du Milieu témoignent d’un vrai redémarrage du pays.
Prime Minister Yoshihide Suga on Friday maintained the government’s « Go To Travel » campaign to support domestic tourism despite calls for the declaration of another state of emergency amid a resurgence of novel coronavirus infections in Japan.
One of the striking effects of the Covid 19 pandemic has been the dramatic increase in the disconnection between finance and the real economy in the United States and Europe. In China there is a similarly growing disjuncture between house prices and economic fundamentals. Both cases show a process of asset inflation driven by a frenzy of investment in a context of deflationary pressure. But the comparison ends there, because the dynamics of real estate investment in China respond to the logic of a sui generis capitalist regime that has placed the extraction of land value at the heart of its economic model.
Strengthening social and economic distancing measures in response to rising COVID-19 cases will hurt the economy, whereas allowing normal economic activity could lead to a further spread of the virus. Given that situation, South Korea faces a prisoner’s dilemma of damaging both public health and economic health. Therefore, the role of businesses in the response to COVID-19 should be emphasized, alongside encouraging the public to accept social and economic distancing measures. South Korea’s current response is active intervention, where the goal is to diagnose cases in the early stages, contact trace, isolate those exposed or infected and treat cases. However, should the COVID-19 pandemic turn out to be prolonged, economic activities should be resumed, requiring South Korea to seek herd immunity and focus on protecting high-risk groups.
– Asian economies’ Covid-19 response set the region up to ‘lead the restart of the global economic engine’, says the Asia Group’s Asia Power Trends report
– Beijing’s assertiveness has led to increased regional defence spending, with a broad economic decoupling between the US and China increasingly likely
Malgré des risques d’infection, les vendeurs de rue continuent de transporter encore des marchandises partout dans la ville pour gagner leur vie. Depuis l’épidémie, leurs affaires rencontrent beaucoup de difficultés avec une perte importante de revenus et des périodes d’inactivité.
– China’s growth picks up from 3.2 per cent in the second quarter and a contraction of 6.8 per cent in the first quarter of 2020
– Industrial production and retail sales grew by 6.9 per cent and 3.3 per cent respectively from a year earlier as investment turned positive for the first time this year
The nation’s college graduates get one shot at their dream job. That’s it. And this year, they might not even get that.
Now, with companies cutting back on hiring plans for 2021, soon-to-be college graduates worry they’re missing their chance. There are 122,000 fewer openings anticipated this year compared to last, bringing the jobs-per-applicant ratio to its lowest since 2014.
[Asie] Asean, China, Japan, South Korea financial leaders redouble efforts to focus on coronavirus recovery
– Finance ministers and central bank governors from the Asean+3 group said they will use all available policy tools to support a sustained recovery
– The Covid-19 pandemic has triggered deep downturns in regional economies, disrupted global trade and supply chains, and increased market volatility
[Hong Kong] Hong Kong jobless rate unchanged at 6.1 per cent amid Covid-19 third wave but underuse of workers hits 17-year high
– Labour chief says underemployment rate has risen 0.3 percentage points to 3.8 per cent
– Third wave of coronavirus cases in July and August continued to disrupt a wide range of economic activities, he says