Forecasted monetary global GDP loss due to COVID-19, by scenario 2020

Published by
Einar H. Dyvik,
Feb 22, 2024
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

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Release date

March 2020

Region

Worldwide

Survey time period

as of March 2020

Supplementary notes

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.

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