Abstract
The coronavirus outbreak in the global scale has raised the concern about potential risks to the global economy. This research applies the global computable general equilibrium model (CGE) to simulate the economic shocks of Covid-19, taking into account the changes in labor supply, consumption, international trade and shocks to global tourism. The finding suggests a significant impact of the disease on China’s economy and industries, which may continue to threaten the global supply chain and economic growth.
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