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Coronavirus could slash global GDP output by almost 5 per cent amid ‘severe financial turmoil’, ADB says

Summary:
[unable to retrieve full-text content]The cost of the coronavirus pandemic could be as high as .1 trillion, or almost 5 per cent of global gross domestic product, depending on the disease’s spread through Europe, the United States and other major economies, the Asian Development Bank said on Friday.A shorter containment period could limit the damage to trillion, or 2.3 per cent of world output, the Manila-based lender said in its Asian Development Outlook report. Developing Asia, including China, accounts for 22 per cent to 36…

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[unable to retrieve full-text content]
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 United States and other major economies, the Asian Development Bank said on Friday.A shorter containment period could limit the damage to $2 trillion, or 2.3 per cent of world output, the Manila-based lender said in its Asian Development Outlook report. Developing Asia, including China, accounts for 22 per cent to 36…

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