How much will COVID-19 shake the world economy?

30 March 2020 |

The economic effects of the novel coronavirus outbreak are currently being underestimated due to overreliance on historical comparisons. GDP growth to take a hit ranging from 3% to 5%, depending on the country, in estimates based on a mild scenario in which shutdowns last for 1.5 months. Every extra month of shutdown wipes out approximately 2% to 2.5% of global GDP growth.

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