[maikyah]

China’s Covid lockdowns are likely costing the country at least $46 billion a month, or 3.1% of GDP, in lost economic output, and the impact could double if more cities tighten restrictions.

That’s a minimum estimate from an economist at the Chinese University of Hong Kong based on the assumption that cities generating about 20% of China’s gross domestic product are currently imposing targeted lockdowns. That cost would double if those areas had to follow Shanghai and impose stricter policies requiring most residents to remain at home.

https://www.bloomberg.com/news/articles/...demic-says