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Pandemic could cost global economy $82 trillion in depression scenario
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Topic: Pandemic could cost global economy $82 trillion in depression scenario (Read 597 times)
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catfish1957
The Conservative Carp Rapscallion of Brieferville
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Pandemic could cost global economy $82 trillion in depression scenario
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on:
May 20, 2020, 09:21:53 am »
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
<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)
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I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh. 5 others served in the WBTS with honor too.
IsailedawayfromFR
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Posts: 13,907
Re: Pandemic could cost global economy $82 trillion in depression scenario
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Reply #1 on:
May 21, 2020, 09:22:25 pm »
Sometimes it is well to spell it out as
$82,000,000,000,000.00
That is a lot of zeroes
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“You will never understand bureaucracies until you understand that for bureaucrats procedure is everything and outcomes are nothing.” Thomas Sowell
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Pandemic could cost global economy $82 trillion in depression scenario