The Covid-19 pandemic will amputate the world's gross domestic product by $ 22 trillion between 2020 and 2025, the chief economist of the International Monetary Fund said at a press conference on Tuesday.
This is a "
cumulative loss
" which should be compared with the level of world GDP that the IMF had estimated before the pandemic, said Gita Gopinath, presenting the latest global economic forecasts.
The impact is therefore "
substantial
", she commented.
Read also: The IMF less optimistic about the growth of the euro zone
In June 2020, the IMF estimated the cumulative losses for the world economy for 2020 and 2021 at more than $ 12 trillion. With its new forecasts, the institution stresses that the cumulative losses will continue while the pandemic does not is still not under control with the appearance of variants of the new coronavirus which particularly hits Great Britain.
Gita Gopinath underlined that “
the burden of the crisis
” is borne “
disproportionately
” by the least qualified, women and young people, recalling that the progress made in the fight against poverty had been reversed.
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