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The global economy's losses due to the Corona epidemic could reach $ 8 trillion


According to a recent report issued by the Asian Development Bank, the global economy is likely to suffer losses ranging from $ 5.8 trillion to $ 8.8 trillion, or between 6.4% and 9.7% of global GDP due to the outbreak of the emerging Coronavirus pandemic.

The European Diplomatic website said that the bank’s report stated that economic losses in Asia and the Pacific can range between $ 1.7 trillion, if the disease containment process does not exceed three months, and $ 2.5 trillion under a long containment scenario that lasts for six months, In addition, the region represents about 30% of the general decline in global output. China is likely to incur losses between $ 1.1 trillion and $ 1.6 trillion.