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Disruptions in Various Sectors
The COVID-19 outbreak has deeply impacted global affairs, including the economies of China, Asia and the world in general.
JAKARTA, KOMPAS β The COVID-19 outbreak has deeply impacted global affairs, including the economies of China, Asia and the world in general. Disruptions include plummeting public consumption, investment, tourism and business travel as well as declines in production and trade.
An Asian Development Bank (ADB) report released on Friday predicts that the economic impact of COVID-19 will be between US$77 billion and US$347 billion, equal to 0.1 to 0.4 percent of the global gross domestic product (GDP).