Opinion – Coronavirus study predicts that even the best-case scenario is 15 million dead and a $2.4 trillion hit to global GDP

Opinion – Coronavirus study predicts that even the best-case scenario is 15 million dead and a $2.4 trillion hit to global GDP

But even in the low-severity model — or best-case scenario of the seven, which the paper acknowledged were not definitive — ANU researchers estimate a global GDP loss of $2.4 trillion, with an estimated death toll of 15 million. They modeled their estimates on the Hong Kong flu pandemic, an outbreak in 1968-1969 that is estimated to have killed about 1 million people.

In the high-severity model — modeled after the Spanish flu pandemic, which killed an estimated 17 million to 50 million globally from 1918 to 1920 — the global GDP loss could be as high as $9 trillion. In that model, the death toll is estimated to surpass 68 million.

via informationclearinghouse Opinion – Coronavirus study predicts that even the best-case scenario is 15 million dead and a $2.4 trillion hit to global GDP