The Impact of COVID-19 on Developing Asia: The Pandemic Extends into 2021

Publication | December 2020

This brief provides updated estimates of the macroeconomic impact of the coronavirus disease (COVID-19), incorporating the latest information on outbreak severity, containment measures, mobility, and forecasts.

Losses are calculated for both 2020 and 2021. The global impact of the pandemic is estimated to range from $4.8 trillion to $7.4 trillion (5.5% to 8.7% of global GDP) in 2020, with an additional impact of $3.1 trillion to $5.4 trillion (3.6% to 6.3% of global GDP) in 2021. Around 28% of these losses are incurred by developing Asia, with South Asia absorbing substantial losses relative to GDP.

Additional Details

Authors
Type
Series
Subjects
  • Economics
  • Health
  • Emerging diseases
  • COVID-19
  • Industry and trade
Pages
  • 12
Dimensions
  • 8.5 x 11
SKU
  • BRF200367-2
ISBN
  • 978-92-9262-542-9 (print)
  • 978-92-9262-543-6 (electronic)
ISSN
  • 2071-7202 (print)
  • 2218-2675 (electronic)

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