Friday, May 15, 2020

COVID-19 to cost global economy between $5.8tn and $8.8tn

The Coronavirus pandemic could cost the global economy between $5.8tn and $8.8tn according to the Asian Development Bank (ADB). That’s more than double last month’s prediction and equates to 6.4%-9.7% of the world’s economic output. It comes as measures to slow the spread of Covid-19 continue to paralyze economic activity around the world. Globally authorities […]

COVID-19 to cost global economy between $5.8tn and $8.8tn

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