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https://elibrary.tucl.edu.np/handle/123456789/5713| Title: | An Updated Assessment of the Economic Impact of COVID-19 |
| Authors: | Park, Cyn-Young; Villafuerte, James P.; Abiad, Abdul; Narayan, Badri; Banzon, Eduardo; Samson, Jindra Nuella G.; Aftab, Ammar; Tayag, Mara Claire |
| Issue Date: | May-2020 |
| Description: | This brief presents new projections on the economic impact of COVID-19 and highlights policy implications. New analysis using the Global Trade Analysis Project model estimates that the global economic impact of COVID-19 could reach $5.8 trillion (6.4% of global GDP) under a 3-month containment scenario, and $8.8 trillion (9.7% of global GDP) under a 6-month containment scenario. It also updates estimates for Asia and the Pacific. The brief highlights that policy interventions could reduce the impact of COVID-19 by 30% under the short containment scenario and by 40% under the long containment scenario. It notes that strong income and employment protection are crucial. |
| URI: | https://www.adb.org/publications/updated-assessment-economic-impact-covid-19 https://elibrary.tucl.edu.np/handle/123456789/5713 |
| ISBN: | 9789292622145 9789292622152 |
| ISSN: | 2071-7202 2218-2675 |
| Country: | Regional - Asia and the Pacific |
| Appears in Collections: | ADB Collections |
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