Pictet: China's Covid Situation A Major Macro Risk

The video discusses the current inflation situation, highlighting factors such as supply and demand pressures, and fiscal stimulus. It debates whether a recession is necessary to control inflation, particularly in the US and Europe. The video also compares inflation dynamics in Asia, noting less pressure compared to advanced economies. It concludes with a focus on China's economic strategy, including potential rate cuts and adjustments to the zero-COVID policy.

What is the significance of the '0 COVID strategy' mentioned in the text?

What adjustments to the '0 COVID strategy' are suggested in the text?

What are the potential economic and social costs of maintaining or loosening the '0 COVID strategy'?