Pandemic: Why Asia & Europe Tackle It Differently
COVID-19 has claimed more than 700,000 lives, infected over 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 (EC) expects the eurozone economy – which grew by 1.3 percent in 2019 – to contract by 8.7 percent this year.