Economics in the Time of COVID-19 - Centre for
2020-3-6u2002·u2002Taking just the US, China, Japan, Germany, Britain, France, and Italy, they account for: • 60% of world supply and demand (GDP) • 65% of world manufacturing, and • 41% of world manufacturing exports. To paraphrase an especially apt quip: when these economies sneeze, the rest of the world will catch a cold.
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