• About Us
  • Copyright Policy
  • Disclaimer
  • Authors
  • Career
  • Contact Us
Assamese |   Bengali |  
Saturday, March 6, 2021
NORTHEAST NOW
  • HOME
  • NORTH EAST
    • Assam
    • Meghalaya
    • Tripura
    • Mizoram
    • Manipur
    • Nagaland
    • Arunachal
    • Sikkim
  • Neighbours
    • Nepal
    • Bhutan
    • China
    • Myanmar
    • Bangladesh
  • Business
  • Entertainment
  • Sports
  • Environment
  • Citizen Journalists
  • Opinion
No Result
View All Result
  • HOME
  • NORTH EAST
    • Assam
    • Meghalaya
    • Tripura
    • Mizoram
    • Manipur
    • Nagaland
    • Arunachal
    • Sikkim
  • Neighbours
    • Nepal
    • Bhutan
    • China
    • Myanmar
    • Bangladesh
  • Business
  • Entertainment
  • Sports
  • Environment
  • Citizen Journalists
  • Opinion
No Result
View All Result
NORTHEAST NOW
Assamese
Home Business

Global cost of coronavirus could reach $4 trillion, warns ADB

NE NOW NEWS by NE NOW NEWS
NEW DELHI , April 3, 2020 2:31 pm
Coronavirus

Representative photo.

Share on FacebookShare on Twitter

The Asian Development Bank (ADB) on Friday said that the coronavirus pandemic could cost the global economy about $4.1 trillion.

“The global cost of the pandemic could range from $2.0 trillion to $4.1 trillion, equivalent to a loss of between 2.3 per cent to 4.8 per cent of global gross domestic product,” the organization added in a statement.

According to the ADB’s report ‘Asian Development Outlook 2020,’ the coronavirus pandemic could lead to a sharp decline of the regional economic growth in developing Asia.

“The report forecasts regional growth of 2.2 per cent in 2020, a downward revision of 3.3 percentage points relative to the 5.5 per cent ADB had forecast in September 2019. Growth is expected to rebound to 6.2 per cent in 2021, assuming that the outbreak ends and activity normalizes,” ADB said.

“ Excluding the newly industrialized economies of Hong Kong, China; the Republic of Korea; Singapore; and Taipei,China, developing Asia is forecast to grow 2.4 per centthis year, compared to 5.7per cent in 2019, before rebounding to 6.7 per cent next year,” it added.

According to the ADB,all of developing Asia’s subregions will see growth weaken this year because of weak global demand, and in some economies because of domestic outbreaks and containment policies.

“In India, measures to contain the spread of the virus and a weaker global environment this year will offset the benefits from recent tax cuts and financial sector reforms. Growth in India is forecast to slow to 4.0 per cent in fiscal year (FY) 2020 before strengthening to 6.2 per cent in FY2021,” it added.

Former Assam CM Prafulla Mahanta admitted to hospital in Guwahati

Assam Assembly election: Ex-CM Prafulla Mahanta among four sitting AGP MLAs denied ticket

Mizoram BJP refutes former party leader’s embezzlement charge

Assam Assembly elections: BJP denies ticket to 12 sitting MLAs

Assam: I stand with anti-CAA forces, says Prafulla Kumar Mahanta upon arrival in Guwahati

Assam: I stand with anti-CAA forces, says Prafulla Kumar Mahanta upon arrival in Guwahati

Standoff continues in Nepal over PM Oli’s resignation demand

Nepal PM KP Sarma Oli faces no-confidence motion by his own party

NORTHEAST NOW

Northeast Now is a multi-app based hyper-regional bilingual news portal. Led by a group of professionals, the digital news platform covers every inch of the eight states of northeast India and the five neighbouring countries. It is the first of its kind new media initiative in the northeast, and is based in Guwahati. As the political dynamics in the northeast is intricate and fluid, Northeast Now is always politically neutral.

 
Our Properties
 
  • NORTHEAST NOW ASSAMESE
  • NORTHEAST JOBS
  • NORTHEAST TENDERS
  • INNFINITY
  • About Us
  • Copyright Policy
  • Disclaimer
  • Authors
  • Career
  • Contact Us

© 2019 - Maintained by EZEN Software & Technology Pvt. Ltd

No Result
View All Result
  • HOME
  • NORTH EAST
    • Assam
    • Meghalaya
    • Tripura
    • Mizoram
    • Manipur
    • Nagaland
    • Arunachal
    • Sikkim
  • Neighbours
    • Nepal
    • Bhutan
    • China
    • Myanmar
    • Bangladesh
  • Business
  • Entertainment
  • Sports
  • Environment
  • Citizen Journalists
  • Opinion

© 2019 - Maintained by EZEN Software & Technology Pvt. Ltd