In the past, everyone often said that the world had a cold.The consumption power of the United States is critical to the global economy.The new crown virus epidemic, the world's first seeing the impact of China's consumption power on the world economy for the first time.
In 2001, the United States was attacked by 911 terrorist attacks, the US consumption confidence was frustrated, the global economy was affected, the United States sneezed, and the world had a cold all over the world.U.S. President Bush calls on the public not to stop consumption.Hope to reduce the impact.
Since the outbreak of the new crown virus epidemic, global economic prediction agencies have estimated that the impact on the global economy will be greater than SARS.Compared with 2003, the mainland is no longer the world's factory, but an important consumer market in the world. When the mainland people reduce the consumption, the overall economic demand will decline, and from necessities to luxury goods will be impacted.
The law of supply and demand is the basic principle of economics. There are fewer people who want to buy a piece of items. The price is naturally reduced. The production is more. The price will also decline. Crude oil is a clear example of the new crown virus affecting the supply and demand of global goods.Reduce crude oil consumption of 3 million barrels, and international crude oil prices have plummeted.Just one month ago, everyone was worried that the Middle East war would reduce the production of crude oil and the price would continue to rise.
Petroleum is a necessity of people's livelihood, and it has been impacted. Of course, luxury goods cannot be spared. In the past 10 years, the glorious scene of the global boutique industry has given a lot of worship of the generous mainland consumers.Today, Chinese consumers stay at home without going out, regardless of boutique or cheap fast -moving, from LVMH, HM, Kerring Group (Kerning) to UNIQLO (Uniqlo) and other fashion companies.Starbucks has a temporary suspension of 2,000 stores, which affects the large side, which can be imagined.
The new crown virus epidemic may slow down as the weather becomes hot. Even if the virus rolls over, there may be vaccines in hand. It can be optimistic that the impact of the epidemic on the economy is short -term.
