CoVid-19 cost estimate so far $4trillion

3rd April 2020 / NewsBits
  • The cost of the coronavirus pandemic could be as high as $4.1 trillion – or almost 5 per cent of global gross domestic product – depending on the disease’s spread through Europe, the US and other major economies.
  • Developing Asia, including China, accounts for as much as 36 per cent of the pandemic’s total cost
  • The new estimate takes into account the immediate impact on tourism, consumption and investment
  • Tourism- and commodity-dependent nations including Thailand “will suffer most” from the pandemic

 

At a time when reporting the truth is critical, your support is essential in protecting it.
Find out how

The European Financial Review

European financial review Logo

The European Financial Review is the leading financial intelligence magazine read widely by financial experts and the wider business community.