Global Macro Service > Research Briefings > Global

Coronavirus pandemic could cut world GDP by $1tn

Using the Oxford Global Economic Model, we outline two downside scenarios in which the coronavirus outbreak morphs into a pandemic. In one scenario, the pandemic is limited to Asia, and world GDP falls $0.4tn (0.5%) in 2020 compared to our baseline forecast. In a global pandemic, it drops $1.1tn (1.3%).

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