Global economic output to reduce by $8.5 trillion in 2 years

May 14, 2020, 08.55 PM(IST)
With the governments imposing large-scale restrictions on economic activities to halt the spread of coronavirus, the global economy has come to a virtual standstill. A report by the United Nations Department of Economic and Social Affairs has projected that the world economy is set to lose nearly $8.5 trillion over the next 2 years.