Asian Development Bank

Business • Economy
ADB Projects Coronavirus Pandemic Could Cost Global Economy $5.8 to $8.8tn

The Asian Development Bank (ADB) new analysis "presents a broad picture of the very significant potential economic impact of Covid-19," so Yasuyuki Sawada, ADB chief economist. It estimates that the coronavirus pandemic could cost the global economy anywhere from $5.8 to $8.8 trillion dollars, depending on the length of movement restrictions.