The Briefing Room

General Category => Economy/Business => Topic started by: catfish1957 on May 20, 2020, 01:21:53 pm

Title: Pandemic could cost global economy $82 trillion in depression scenario
Post by: catfish1957 on May 20, 2020, 01:21:53 pm

(https://freethumbs.dreamstime.com/665/big/free_6659841.jpg)
Source Market Watch

https://www.marketwatch.com/story/today-in-scary-numbers-pandemic-could-cost-global-economy-82-trillion-2020-05-19?mod=home-page (https://www.marketwatch.com/story/today-in-scary-numbers-pandemic-could-cost-global-economy-82-trillion-2020-05-19?mod=home-page)

<snipit>
How badly will the coronavirus pandemic impact the economy? Does $82 trillion sound not good?

That is the scary number put out by the Centre for Risk Studies at the University of Cambridge’s Judge Business School.

That figure, of course, needs to be put into context. That’s over five years, not one, and represents the potential hit to the global economy and not just the U.S. in what’s called the “economic depression” scenario.

The GDP for the world’s 19 leading economies was $69.2 trillion last year.............
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Okay Chicoms....   Make the check out to.....    (/s)

Title: Re: Pandemic could cost global economy $82 trillion in depression scenario
Post by: IsailedawayfromFR on May 22, 2020, 01:22:25 am

Sometimes it is well to spell it out as

$82,000,000,000,000.00

That is a lot of zeroes