As members of the global community continue to suffer economic devastation wrought by the pandemic,
During a virtual conference, Kasman pointed out that the Taiwanese economy has suffered rather mildly compared to other countries and will return to normal very soon. He said this was likely the result of the country's early success at containing the coronavirus as well as its advancement in 5G development.
Kasman noted that
According to Kasman, a global economic recession is inevitable before coronavirus vaccines will have been introduced. He mentioned that the wear and tear to the international economy will likely be "deeper than anything else we have noticed since WWII" and that some governments' austerity measures may result in a prolonged downturn, reported CNA.
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