News
15 May 2020

Economic impact of COVID-19 could hit $8.8trn, warns ADB

Region:
Middle East & Africa, Americas, Asia-Pacific, Europe

The global economy could suffer between $5.8 trillion and $8.8 trillion in losses — equivalent to 6.4% to 9.7% of GDP - as a result of the coronavirus pandemic, the Asian Development Bank has warned.The report, Updated Assessment of the Potential Economic Impact of COVID-19, finds that...

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