The loss will be $8 million in the best scenario and $16 million, or 0.01 percent of the GDP, if it ends moderately, according to a new analysis by the ADB. “The magnitude of the economic losses will depend on how the outbreak evolves, which remains highly uncertain,” it said. China would account for $103 billion of those losses—or 0.8 percent of its GDP, the ADB said. The rest of developing Asia would lose $22 billion, or 0.2 percent of its GDP, it added. “There are many uncertainties about COVID-19, including its economic impact,” said ADB Chief Economist Yasuyuki Sawada.

Source: bd News24 March 07, 2020 20:37 UTC