Coronavirus 'could cost global economy $8.8tn' says ADB
The coronavirus pandemic could cost the global economy between $5.8tn and $8.8tn (£4.7tn-£7.1tn), according to 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, BBC reported.
It comes as measures to slow the spread of Covid-19 continue to paralyse economic activity around the world. Globally authorities have taken aggressive action to cushion their economies from the outbreak's impact.
"This new analysis presents a broad picture of the very significant potential economic impact of Covid-19," the ADB's chief economist Yasuyuki Sawada said, as quoted by the source,
"It also highlights the important role policy interventions can play to help mitigate damage to economies," he added.
Տեքստում սխալ կամ վրիպակ նկատելու դեպքում, ուղարկեք խմբագրին հաղորդագրություն` նշելով տվյալ սխալը, այնուհետև սեղմելով Ctrl-Enter:
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