The coronavirus pandemic could cost the global economy a nightmarish $82 trillion over 5 years, a Cambridge study warns

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The global economy could take a hit of some $82 trillion in a worst case scenario from the coronavirus, according to the Judge Business School at the University of Cambridge. In case of speedy recovery, an “optimistic loss” of $3.3 trillion is likely. But in the extreme event of an economic doomsday scenario, the global economy could lose $82 trillion in damages, the Centre for Risk Studies, part of the university, said. The figures are not meant to represent a shrinkage of the global economy, but rather how much potential growth the economy could lose if it slipped

Read more    Source: businessinsider.com

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