CORONAVIRUS: Best and worst-case scenarios for global economy ...United Arab Emirates

Russia Today - Economy
CORONAVIRUS: Best and worst-case scenarios for global economy
source : Russia Today ( United Arab Emirates ) () 82
The outbreak of Covid-19 has been sending chills through the world economy, wiping some $5 trillion off financial markets. RT talked to some experts about the impact of the virus and scenarios that may unfold. According to Sourabh Gupta, senior fellow at the Institute for China-America Studies, the worst-case economic cost of the coronavirus could be significant and is being underestimated currently. “I would put it as a halving of global real GDP growth in 2020 from projected 2019 levels of 3.5 percent. Real GDP growth will not fall into negative territory, as it did during the 2008-09 Global Financial Crisis,” he said, noting that it

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