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GoalKeepers Report suggests $12 trillion loss for global economy by 2021

Shortpedia

Content Team
Image Credit: Shortpedia

According to the fourth annual Goalkeepers Report released by the Bill & Melinda Gates Foundation, the global GDP may suffer a loss of $12 trillion by the end of 2021 due to the coronavirus crisis. This would be the biggest global GDP loss since the end of World War II. This comes when the International Monetary Fund has already spent $18 trillion to stimulate world economies. The pandemic has stopped 20 years of progress.