China's economy zooms back to its pre-covid growth rate
Its success offers some useful lessons about how to confront a pandemic
IN THE EARLY months of the covid-19 outbreak, researchers at the Federal Reserve and Massachusetts Institute of Technology published a paper entitled “Pandemics Depress the Economy, Public Health Interventions Do Notâ€. Examining America's response to the influenza pandemic that broke out in 1918, they concluded that cities that acted early and forcefully had the best economic outcomes.
