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As the coronavirus spreads, one study predicts that even the best-case scenario is 15 million dead and a $2.4 trillion hit to global GDP

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Business
Insider

The
coronavirus outbreak that originated in Wuhan, China, has killed
nearly 3,300 people and infected more than 95,000. The virus, which
causes a disease known as COVID-19, has spread to at least 81
countries. While much is still unknown about the virus, a group of
Australian experts have estimated that the virus may have severe
consequences on global gross domestic product. New modeling from The
Australian National University looks at seven scenarios of how the
outbreak might affect the world’s wealth, ranging from low severity
to high severity. In the low-severity model — or best-case
scenario of the seven — ANU researchers estimate a global GDP loss
of $2.4 trillion, with an estimated death toll of 15 million. As
coronavirus cases continue to rise around the world, a group of
Australian experts predict that the economic impact of the disease in
the best-case scenario may total $2.4 trillion in lost global gross
domestic product. The coronavirus outbreak that originated in Wuhan,
China, has killed nearly 3,300 people and infected more than 95,000.
The virus, which causes a disease known as COVID-19, has spread to at
least 81 countries. More than 150 cases have been reported in the US,
including 11 deaths across two states. The World Health Organization
has declared the outbreak an international public-health emergency
and warned that the window of opportunity to contain it is narrowing.

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