BoA on China COVID flaring up, again - "many people will only reluctantly re-engage"

[forex4you]

BoA on China COVID flaring up, again - "many people will only reluctantly re-engage"

<p>Bank of America analysts on the coronavirus situation in China:</p><ul><li>The turnaround in China will likely take time. </li><li>Daily Covid-19 cases in China, at over 20,000, have risen close to the peak in April this year</li><li>Many people will only reluctantly re-engage due to fear of getting sick</li></ul><p>Another point is that with folks being tracked so closely in China those that are in the vicinity of a new case risk being locked up for an extended period - another reason to limit 're-enagement'. </p><p>The mismanagement (and <a href="https://www.forexlive.com/news/chinas-miracle-run-has-ended-officials-have-reported-the-1st-covid-death-in-6-months-20221121/" target="_blank">misinformation</a>) in China is weighing on people's livelihood and the economy, over and over and over again. </p><p>BoA graphic:</p>

                This article was written by Eamonn Sheridan at forexlive.com.

Source: BoA on China COVID flaring up, again - "many people will only reluctantly re-engage"

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