<iframe src="//www.googletagmanager.com/ns.html?id=GTM-K3L4M3" height="0" width="0" style="display:none;visibility:hidden">

Flat White

Loosen corona restrictions or face a fearful future cost

29 April 2020

2:04 PM

29 April 2020

2:04 PM

If you want to know how much the coronavirus pandemic might cost, the International Monetary Fund’s recent world economic outlook is a good place to start.

Under a scenario in which the current quarter sees the worst of it for the world economy and a vigorous recovery starts in the September quarter, the IMF sees global GDP shrinking by 3% in 2020 as a whole.

This may not sound like much, but it is much worse than the GFC recession.

Already a subscriber? Log in

Get 3 months of digital access, absolutely free

Subscribe to The Spectator Australia today to get the next 3 months of unlimited website and app access for free.

  • Full access to spectator.com.au and spectator.co.uk
  • The Spectator Australia app, on Apple and Android
  • Podcasts and newsletters, including Morning Double Shot
  • Our archive, going back to 1828
Or

Unlock this article

REGISTER


Comments

Get 3 months of digital access, absolutely free

Join the conversation with other Spectator Australia readers. Subscribe to leave a comment.

Already a subscriber? Log in

Close