Global GDP could fall by $ 9 trillion due to the coronavirus pandemic. This forecast was voiced by the chief economist of the International Monetary Fund (IMF), Gita Gopinat, speaking at a press conference in Washington.
According to her, the loss of global GDP for the period 2020-2021 from the global economic crisis caused by the pandemic could amount to about $ 9 trillion, more than the economies of Japan and Germany combined.
“Assuming that the pandemic will disappear in the second half of 2020, and that policy measures around the world will be effective in preventing large-scale bankruptcies of firms, the continued loss of jobs and financial problems of the entire system, we predict that global growth will increase in 2021 up to 5.8 percent, “she noted
In 2019, global GDP was $ 85.9 trillion.