Author(s)

Leo Wu

Corresponding Author

Leo Wu

ABSTRACT

The impact of the novel coronavirus pneumonia on the economy is short-term and will not affect the long-term trend of global economic development. Sooner or later, the epidemic will be brought under control, production and business activities will eventually return to the normal track, and economic growth will remain at a medium high speed. However, the short-term impact of the epidemic on economic activities is significant, especially in export, consumption and investment. Novel coronavirus pneumonia should be brought about by the short-term impact of the epidemic. On the one hand, we should play a macro regulatory means, increase the balance between emergency responses and counter cyclical adjustment policies, and use financial and monetary policies to iron out the short-term economic fluctuations that are disturbed by the new crown pneumonia epidemic. On the other hand, we should strengthen the support for enterprises and other main bodies, and introduce and implement relevant preferential policies to help enterprises tide over the difficulties.

KEYWORDS

COVID-19, Economy, Consumption