0
The Asian Development Bank has released a new study which says that coronavirus will have a significant impact on developing Asian economies through numerous channels, including sharp declines in domestic demand, lower tourism and business travel, trade and production linkages, supply disruptions, and health effects.
The magnitude of the economic losses will depend on how the outbreak evolves, which remains highly uncertain.
The range of scenarios explored in the analysis suggests a global impact in the range of $77 billion to $347 billion, or 0.1% to 0.4% of global gross domestic product (GDP).
