Sourced from Finance Monthly. The coronavirus pandemic could cost the global economy between $5.8-trillion and $8.8-trillion, according to the Asian Development Bank (ADB). The BBC reports that this is more than double last month’s prediction and equates to 6.4%-9.7% of the world’s economic output. This 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. /* custom css */ .tdi_3_160.td-a-rec-img{ text-align: left; }.tdi_3_160.td-a-rec-img img{ margin: 0 auto 0 0; } “This new analysis presents a broad picture of the very significant potential economic impact of Covid-19,” the ADB’s chief economist Yasuyuki Sawada says. “It also highli...
