Covid-19 has claimed more than 700,000 lives, infected more than 19 million people and decimated rich and poor economies alike. But even as most of the world faces unprecedented recession, policy responses differ sharply. The contrast between Europe and Asia is a case in point.
Both regions are undoubtedly facing serious economic hardship. The European Commission expects the eurozone economy – which grew by 1.3 per cent in 2019 – to contract by 8.7 per cent this year.
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