The target of zero for COVID cases is proving to be disastrous for China given the highly transmissible Omicron version of the coronavirus.
Largest city Shanghai has been locked down for weeks and now Beijing is going the same way. It may be that supply chain issues help tip the world economy into recession given the reverberations currently being experienced already by Russia’s Ukraine war.
Image: Image: Shutterstock – Graeme Kennedy
Produced By: Roderick Chambers
Featured In Story: Dom Meagher – Chief Economist John Curtain Research Centre
First aired on The Wire, Wednesday 4 May 2022