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@ LiveMint

Covid-19 may erase $1 trillion from world GDP

Rapid spread of coronaviruses is expected to drive global GDP growth to 2.3% from 2.3% in 2020. The economic health crisis may be enough to wipe out more than $ 1 trillion from the world's gross domestic product. The weakening of Chinese imports and a major disruption of global supply chains will have an impact on the world's economies. The analyst also lowered its Brent crude oil price forecast to $ 62.4 a barrel in 2020 from around $ 65 earlier due to weaker demand in the short term.

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