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World Coronavirus Dispatch: Pandemic toll on US to be 4x of Great Recession

J&J stops vaccine trial after adverse reaction, crowds protest as Argentina cases pass 900,000, Trump's health in six graphs and other pandemic-related news across the globe

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Coronavirus | Coronavirus Tests | Lockdown

Yuvraj Malik  |  New Delhi 



Coronavirus, vaccine, covid, drugs, clinical trials
Singapore recorded no new local cases of Covid-19 for the first time since February

The Covid-19 pandemic will exact a $16 trillion toll on the US -- four times the cost of the Great Depression -- when adding the costs of lost lives and health to the direct economic impact, according to former US Treasury Secretary Lawrence Summers and fellow Harvard University economist David Cutler.

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First Published: Tue, October 13 2020. 20:41 IST

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