Dairy News (Russia) reported on the impact of Covid-19 on the world economy. The article quotes Division Director Rob Vos and Senior Research Fellows Will Martin and David Laborde in their blog post, How much will global poverty increase because of COVID-19? They predict three scenarios that would impact the global economy: labor shock, total factor productivity shock; and trade shock.
Coronavirus could cost the world economy about 2 trillion dollars in 2020 (Dairy News)
March 26, 2020