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Covid-19 could cause economic loss up to $8.8 trn, 9.7% of global GDP: ADB

Nearly 300,000 people worldwide have died from complications from the virus, which has infected more than 4.3 million people

Topics
Coronavirus | Global economy | GDP

Reuters  |  Manila 

coronavirus, test
The ADB said the upper end of the range assumed curbs on movement and businesses lasting six months, while the bottom end assumed they would last three months.

Global economic losses caused by the pandemic could be between $5.8 trillion and $8.8 trillion this year, the Asian Development Bank (ADB) said on Friday, more than double its earlier estimates as containment measures paralyse economies.

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First Published: Fri, May 15 2020. 10:48 IST
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