‘Worst pandemic in century’ will wipe out more than $4 TRILLION from global economy – Asian Development Bank ...United Arab Emirates

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‘Worst pandemic in century’ will wipe out more than $4 TRILLION from global economy – Asian Development Bank
The global economy will see a much bigger hit from the coronavirus pandemic than previously expected, the Asian Development Bank (ADB) has warned in its annual report. According to the gloomiest scenario presented by the bank, the impact of the “worst pandemic in a century” will be as high as $4.1 trillion, or 4.8 percent of global gross domestic product (GDP). However, even this forecast could turn out worse given the impact of the outbreak on global supply chains and how long it will take to contain the virus. Also on rt.com World economy has entered a recession 'as bad or

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