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S&P pegs cost of COVID-19 outbreak at USD 620 Bn for Asia-Pacific region

Mar 23, 2020 by The Passage Team
S&P pegs cost of COVID-19 outbreak at USD 620 Bn for Asia-Pacific region

S&P Global Ratings on Monday estimated the cost of COVID-19 outbreak for 14 Asia-Pacific countries including India at USD 620 billion. However, it did not give a country-wise break-up for its estimate.

“S&P Global Ratings has updated its estimates of the total and permanent income loss for Asia-Pacific from COVID-19: approximately $620 billion. This loss will be distributed across sovereign, bank, corporate, and household balance sheets," it said in a statement.

Source: Livemint

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