Zhihu about the impact of the epidemic on the economy

The impact of the epidemic on the economy is as follows:

The new crown epidemic has disrupted the global supply chain and impacted the economic stability of various countries. The global supply chain is an important force supporting economic globalization. The huge and complex supply chain network connecting countless manufacturing companies and service companies around the world has made the world economy intertwined into an interdependent and integrated organic whole, but it has also increased the vulnerability of the global economy.

In a highly interdependent global economic system, any temporary production shutdown or trade restrictions in any economy, especially an economy that is a key link in the global supply chain, will bring serious consequences to other economies. Consider the external impact.

Opportunities brought by the new coronavirus epidemic to the real economy

(1) The demand for protective equipment has surged

Since the outbreak of the new coronavirus epidemic, consumers have panicked Sentiment, the demand for health protective equipment such as masks, disinfectant, protective clothing, ultraviolet lamps, and protective gloves has skyrocketed, which is a great opportunity for the real economy.

If major real economy manufacturers can seize the opportunity, adjust their strategies, conduct detailed market analysis and consumer preference surveys, make reasonable strategic adjustments, and arrange production in a planned and targeted manner, they can survive the COVID-19 pandemic. The special economic period of the virus pandemic preserves strength and has the opportunity to make huge gains.

(2) Consumption rebound during the temporary period of the epidemic

When the COVID-19 epidemic was severe, due to the impact of epidemic prevention policies and consumers’ panic, consumers’ purchasing power had a short-term impact. However, as the weather gradually warms, factors such as the development of COVID-19 vaccines and drugs and the role of the government's effective epidemic prevention policies in the COVID-19 epidemic have eased the COVID-19 epidemic, forming a temporary reprieve period.