Coronavirus could cost global economy $8.8trn

Report from the Asian Development Bank

David Brenchley
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Covid-19 could knock $8.8trn off the global economy
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Covid-19 could knock $8.8trn off the global economy

The coronavirus pandemic could cost the global economy as much as $8.8trn (£7trn) in losses, or 9.7% of global gross domestic product (GDP), the Asian Development Bank (ADB) has predicted.

The forecast was predicated on a long containment period - or the time from when an outbreak intensifies in each country to when economic activity begins to normalise - scenario of six months. Under...

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