Coronavirus Could Cost the Global Economy $2.7 Trillion. Here’s How

Posted on AllSides March 7th, 2020
From The Left

The coronavirus is going global, and it could bring the world economy to a standstill.
An epidemic that began in the depths of China’s Hubei province is spreading rapidly. There are now significant outbreaks from South Korea to Italy and Iran, and the first deaths have been reported in America. The economic fallout could include recessions in the U.S., euro-area and Japan, the slowest growth on record in China, and a total of $2.7 trillion in lost output—equivalent to the entire GDP of the U.K.

Read full story
Some content from this outlet may be limited or behind a paywall.
https://www.bloomberg.com/graphics/2020-coronavirus-pandemic-global-economic-risk/

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right