IMF: Losses Due to Corona Virus Will Reach 9 Trillion US Dollars

International Monetary Fund (IMF) estimates that losses due to the corona virus pandemic (covid-19) will reach 9 trillion US dollars in 2020-2021.

This figure is far greater than the combined German and Japanese Gross Domestic Product (GDP). In his written statement, IMF economist and research director Gita Gopinath said that no country had survived the crisis caused by the Covid-19 pandemic.  Granting Operational Permits for Large Companies Contrary to the PSBB Policy Countries whose economies are so dependent on tourism services that entertainment will experience severe disruption.

Developing countries will experience pressure on their economies due to outflows of foreign capital due to increased risk of the global economy, while also experiencing currency pressures. “Developing countries at the same time must also face a weak health system, and limited fiscal space to increase support for health services,” Gopinath said in a statement Wednesday (4/15/2020).  Don’t Ojol Continue to Become a Golden Boy Some countries with already weak economic conditions will be pressured by high debt levels. The IMF calls this year’s crisis the Great Lockdown because many countries are implementing large-scale quarantines to tackle the spread of the virus. This has caused economic activity to collapse and is unprecedented in world history.

 

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Summary

International Monetary Fund (IMF) estimates that losses due to the corona virus pandemic (covid-19) will reach 9 trillion US dollars in 2020-2021.

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