COVID-19 outbreak to have significant economic impact on developing asia-ADB
| Published date | 06 March 2020 |
| Publication title | Sunday Times |
The ongoing novel coronavirus (COVID-19) outbreak 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, according to a new analysis by the Asian Development Bank (ADB) released on Friday.
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 US$77 billion to $347 billion, or 0.1...
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