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What is the overall situation of the world economy under the epidemic?
The epidemic has accelerated the "eastward shift" of the center of gravity of the world economy. Unlike the "collective flameout" in developed countries in Europe and America, Asian countries and regions, represented by China, successfully controlled the epidemic and laid the foundation for economic recovery. China has outstanding economic performance, taking the lead in achieving positive growth among the major economies in the world, and it is also the only major economy that maintains positive growth in trade in goods, and even became the largest foreign capital inflow country in the world that year.

China's neighboring countries, such as Viet Nam and Thailand, quickly resumed their work and production after controlling the epidemic and actively participated in the restructuring of the global industrial chain. According to the latest forecast of IMF, the GDP growth rate of emerging markets and developing economies in Asia will rebound to 8.3% in 20021year, which is 2.8 percentage points higher than the global average.

"K-shaped recovery" is becoming an economic trend that worries the world. Different from the past, this global economic recovery may have a major risk of differentiation, which exists not only between different people and industries, but also between countries.

Georgieva, managing director of the International Monetary Fund, reminded in early February that although the IMF predicted that the global economy would grow by 5.5% this year, 150 economies may not recover to the pre-epidemic level this year, and the income gap between developing countries and developed countries will further widen.

Whether the response to the epidemic is effective or not has become a decisive factor affecting economic operation.

In the face of the epidemic "black swan", various economies have adopted different strategies, some are prepared to wait, some are seeking "group immunity", and some are swaying. The increasing number of confirmed cases and deaths is worrying, and at the same time, it has become the most stringent index to test the anti-epidemic. At the same time, the degree of economic recovery is also highly related to the effectiveness of anti-epidemic in various countries, and the economic recovery in countries that can strictly control the spread of the epidemic is stronger.

There are still great uncertainties in economic recovery, especially vaccination has become an important variable in COVID-19. The optimistic expectations of international organizations for this year's economy are based on large-scale vaccination. However, there are many problems in COVID-19, such as insufficient vaccine production capacity and uneven distribution.