In the best case scenario in 2020, which is defined as a two month duration of travel bans and a sharp decline in domestic demand, the monetary loss of global Gross Domestic Product (GDP) is expected to be about 76.7 billion U.S. dollars due to the coronavirus (COVID-19) outbreak. In a worse case scenario, defined as a six month duration of travel bans, the global GDP is predicted to lose about 346.98 billion U.S. dollars.
Forecasted monetary global Gross Domestic Product (GDP) loss as a result of COVID-19 in 2020, by scenario
Characteristic
Gross Domestic Product loss in million U.S. dollars
The source defines the scenarios as follows:
Best case: 2 month duration of travel bans and sharp decline in domestic demand.
Moderate case: 3 month duration of travel bans and sharp decline in domestic demand.
Worse case: 6 month duration of travel bans and sharp decline in domestic demand.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Asian Development Bank. (March 6, 2020). Forecasted monetary global Gross Domestic Product (GDP) loss as a result of COVID-19 in 2020, by scenario [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1102971/covid-19-monetary-global-gdp-loss-scenario/
Asian Development Bank. "Forecasted monetary global Gross Domestic Product (GDP) loss as a result of COVID-19 in 2020, by scenario." Chart. March 6, 2020. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1102971/covid-19-monetary-global-gdp-loss-scenario/
Asian Development Bank. (2020). Forecasted monetary global Gross Domestic Product (GDP) loss as a result of COVID-19 in 2020, by scenario. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1102971/covid-19-monetary-global-gdp-loss-scenario/
Asian Development Bank. "Forecasted Monetary Global Gross Domestic Product (Gdp) Loss as a Result of Covid-19 in 2020, by Scenario." Statista, Statista Inc., 6 Mar 2020, https://www.statista.com/statistics/1102971/covid-19-monetary-global-gdp-loss-scenario/
Asian Development Bank, Forecasted monetary global Gross Domestic Product (GDP) loss as a result of COVID-19 in 2020, by scenario Statista, https://www.statista.com/statistics/1102971/covid-19-monetary-global-gdp-loss-scenario/ (last visited November 21, 2024)
Forecasted monetary global Gross Domestic Product (GDP) loss as a result of COVID-19 in 2020, by scenario [Graph], Asian Development Bank, March 6, 2020. [Online]. Available: https://www.statista.com/statistics/1102971/covid-19-monetary-global-gdp-loss-scenario/
