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...

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

You might also like


Perspective
02 March 2026

Cocobod announces plans for reform as cocoa prices crater

Cocoa prices have returned to historical averages but the threat of volatility remains, and national regulators are still managing the fallout. Ghana’s Cocobod has committed...

Perspective
03 March 2026

Sonangol financing: A benchmark in SACE support

The SACE-backed loan to fund Sonangol’s equity share in the NeGaCo gas project in Angola has marked the first time the ECA has structured such a deal based on the total...