World economy to lose $9 trillion to Covid-19 pandemic: Gita Gopinath
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International Monetary Fund (IMF) chief economist Gita Gopinath has pegged the loss to the world economy at $9 trillion in 2020-21. Gopinath said the net loss could be bigger than the combined size of economies of Japan and Germany. She said, "It is a shock like no other. It is a viral pandemic. It has led people to stay home, not allowing to go to work for many weeks and months, and has his both advanced and developing economies.