according to renowned expert on financial markets Kyle Shostak published a day earlier, the International monetary Fund’s forecast indicates that the total loss to the global economy from the pandemic of a new type of coronavirus exceed the losses of the financial crisis a decade ago and will be comparable to the effects of the great depression of the thirties of the last century.
the Fund expects the global economy by the end of this year due to the pandemic will collapse by 4.9%. The United States will shrink by 8%, the Eurozone at 10.2%.
“All statistics of the IMF suggests that by historical standards the scale of the fall will exceed the total losses of the financial crisis of 2008-2010 and will be similar to the effects of the great depression of the thirties of the last century” — quoted expert RIA Novosti news Agency.
the Total loss to the global economy from a pandemic in 2020-2021 years will amount to more than $ 12 trillion, suggests the Agency.
“an Incredible figure, given that a year ago nobody would come from to even suggest anything about the possibility of such a disaster, nor the magnitude of the losses associated with it,” says Shostak.
