ప్రపంచ ఆర్థిక నష్టంపై తాజా అంచనాలు || Latest Estimates Of Global Economic Loss ||
The the global economy will lose between $5.8tn and $8.8tn (£4.7tn-£7.1tn), 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.
The ADB said the top end of the range was based on the assumption that curbs to movement and businesses operating would last six months, while the bottom end assumed the restrictions would remain in place for three months.
Central banks around the world have moved aggressively to cut interest rates and roll out massive stimulus measures to help combat the impact of the outbreak that has rocked financial markets and raised fears of a deep global recession.
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ప్రపంచ ఆర్థిక నష్టంపై తాజా అంచనాలు || Latest Estimates Of Global Economic Loss || The the global economy will lose between $5.8tn and $8.8tn (£4.7tn-£7.1tn), 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. The ADB said the top end of the range was based on the assumption that curbs to movement and businesses operating would last six months, while the bottom end assumed the restrictions would remain in place for three months. Central banks around the world have moved aggressively to cut interest rates and roll out massive stimulus measures to help combat the impact of the outbreak that has rocked financial markets and raised fears of a deep global recession.