India  
 
NewsR.in

COVID crisis causes 6.5 to 9.7% cumulative loss to global GDP: EAM

Video Credit: ANI - Duration: 02:36s - Published
COVID crisis causes 6.5 to 9.7% cumulative loss to global GDP: EAM

COVID crisis causes 6.5 to 9.7% cumulative loss to global GDP: EAM

External Affairs Minister (EAM), S Jaishankar addressed the 6th Roundtable of ASEAN-India Network of Think Tanks on August 20 via video conferencing.

He stated that the cumulative loss to global Gross Domestic Product (GDP) is approx 6.5 or 9.7% of global GDP from COVID crisis.

"Impact of COVID19 has been beyond our collective imagination.

Current estimates put cumulative loss in the range of $5.8 to $8.8 trillion or approx 6.5 to 9.7% of the global GDP.

The contraction of world economy being predicted will surely be largest since great depression," said S Jaishankar.

"World faces an unprecedented challenge.

None of us have seen a crisis of this proportion before.

Even after several months, the true extent of its destruction remains unclear," S Jaishankar added.


You Might Like


Related videos from verified sources

Out-of-work hotel porter now makes sculptures from ocean pollution to earn a living [Video]

Out-of-work hotel porter now makes sculptures from ocean pollution to earn a living

A hotel porter who lost his job due to the Covid-19 pandemic has started making unique sculptures from ocean pollution to earn a living. Yuttana Darakai, 30, collects the waste, including drift wood..

Credit: Newsflare     Duration: 04:29Published
Coronavirus in numbers: UK deaths at 41,403 [Video]

Coronavirus in numbers: UK deaths at 41,403

The Government said 41,403 people had died in the UK within 28 days of testingpositive for Covid-19 as of 5pm on Wednesday, an increase of six on the daybefore. Separate figures published by the UK’s..

Credit: PA - Press Association STUDIO     Duration: 00:34Published
Coronavirus in numbers: UK deaths at 41,397 [Video]

Coronavirus in numbers: UK deaths at 41,397

The Government said 41,397 people have died in the UK within 28 days oftesting positive for Covid-19, as of Tuesday, up 16 from the day before.

Credit: PA - Press Association STUDIO     Duration: 00:34Published