Do any economists have a good estimate for the total financial cost of #COVIDー19 ?
So far I am seeing $1 trillion, but that does seem rather low given that global GDP is $86 trillion.
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Replying to @RokoMijicUK
$1T give or take would be GDP loss in the US only (over the quarter). Add a few trillion in market liquidations and $4T stimulus so far is just papering over the crack.
8:03 AM - 31 Mar 2020
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