The coronavirus pandemic could cost the global economy $4.1 trillion as it ravages United States, Europe and other major economies, the Asian Development Bank warned on Friday.
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A woman walks through an empty pedestrian crossing in the Ginza shopping district Friday, April 3, 2020, in Tokyo. With billions of people in lockdown around the world, the global economy has come to a standstill. PHOTO: AP
2020-04-03 14:22:41
The coronavirus pandemic could cost the global economy $4.1 trillion as it ravages United States, Europe and other major economies, the Asian Development Bank warned on Friday.
The estimated impact is equivalent to nearly five percent of worldwide output based on a range of scenarios, but the lender said losses from "the worst pandemic in a century" could be higher.
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