The coronavirus outbreak has left businesses around the world counting the costs. Global shares took a hit, jobless claims surged, and many advanced economies are expected to enter recession. COVID-19 is widely considered one of the most significant challenges for all nations since the end of World War II. According to the IMF, the global economy is expected to shrink by 3 percent this year. International cooperation has been found wanting under these trying circumstances. So how will business leadership step up? CGTN’s Tian Wei talked with Joerg Wuttke, president of the EU Chamber of Commerce in China, to find out.
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