Business World

Coronavirus pandemic could cost global economy $8.8 trillion: Asian Development Bank

The coronavirus pandemic could cost the global economy between $5.8tn and $8.8tn according to Asian Development Bank (ADB). That’s more than double last month’s prediction and equates to 6.4%-9.7% of the world’s economic output. It comes as measures to slow the spread of Covid-19 continue to paralyse economic activity around the world. Globally authorities have […]