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


Expert opinion
23 November 2025

What Basel 4 gets wrong about private credit insurance

The weightings that the Basel 4 framework assigns to private credit insurance are too harsh. They risk constraining the flow of capital to sustainable investments in emerging...

Report
25 November 2025

Tides turn on SLLs in commodity finance

The 2025 edition of TXF’s annual Commodity Finance Research Report is now available. It reflects the views of a market that has been bruised by disruptions to trade: cautious,...