{"id":10900,"date":"2021-01-20T17:15:25","date_gmt":"2021-01-20T17:15:25","guid":{"rendered":"https:\/\/www.scmp.com\/comment\/opinion\/article\/3118458\/covid-19-market-bubbles-creation-distorted-global-economy-cannot"},"modified":"2021-01-20T17:15:25","modified_gmt":"2021-01-20T17:15:25","slug":"covid-19-market-bubbles-a-creation-of-the-distorted-global-economy-cannot-last","status":"publish","type":"post","link":"https:\/\/radiofree.asia\/2021\/01\/20\/covid-19-market-bubbles-a-creation-of-the-distorted-global-economy-cannot-last\/","title":{"rendered":"Covid-19 market bubbles, a creation of the distorted global economy, cannot last"},"content":{"rendered":"The year began with lockdowns and varying degrees of restrictions on movements across the world as the Covid-19 pandemic accelerated with new, fast-spreading variants being discovered. Financial markets, however, began with new records.\r\rThe pandemic is projected to have caused the global economy to decline by about 5 per cent in 2020. Meanwhile, government deficits are projected to increase above trend, by about the same amount. Despite the combined loss of one-tenth of the global economy,\u2026\n<p class=\"syndicated-attribution\">This post was originally published on <a href=\"https:\/\/www.scmp.com\/comment\/opinion\/article\/3118458\/covid-19-market-bubbles-creation-distorted-global-economy-cannot\">South China Morning Post<\/a>. <\/p>","protected":false},"excerpt":{"rendered":"<p>The year began with lockdowns and varying degrees of restrictions on movements across the world as the Covid-19 pandemic accelerated with new, fast-spreading variants being discovered. Financial markets, however, began with new records.<\/p>\n<p>The pandemic i&#8230;<\/p>\n","protected":false},"author":1085,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/10900"}],"collection":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/users\/1085"}],"replies":[{"embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/comments?post=10900"}],"version-history":[{"count":2,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/10900\/revisions"}],"predecessor-version":[{"id":10945,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/10900\/revisions\/10945"}],"wp:attachment":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/media?parent=10900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/categories?post=10900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/tags?post=10900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}