The coronavirus pandemic could cost the global economy a nightmarish $82 trillion over 5 years, a Cambridge study warns
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.
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 into a prolonged depression. The Centre for Risk Studies at the University of Cambridge Judge Business School determined that the potential toll could range between what it called an"optimistic loss" of $3.3 trillion in case of rapid recovery, and $82 trillion in the event of an economic depression.
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