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Sep 17, 2020
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The amount of damage to the world economy from the CoViD-19 pandemic is named. Counts in trillions

By the end of 2021, the total damage to the global economy from the coronavirus pandemic will reach $ 7 trillion. This was stated by the chief economist of the Organization for Economic Cooperation and Development (OECD) Lawrence Boone.

- By the end of 2021, global GDP will lose $ 7 trillion. This is a serious shock, - quoted her words by the newspaper Les Echos.

Boone added that the world has many months to live with the virus.

Analysts predicted a collapse in oil demand in the next two years

According to experts, by December, demand will fall by eight million barrels per day.

According to a report distributed by the OECD, with a positive development of the situation, global GDP in 2020 will decrease by 4.5%, and not by 6%, as previously assumed. However, this is still an unprecedented drop in global production for recent history.

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Yet

Earlier Deutsche Bank predicted the world "era of unrest" after the coronavirus pandemic.

Nikita Mogilev
Nikita Mogilev

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Economy
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