Covid-19 pandemic to cost Asia-Pac economies US$620b: S&P

Singapore

S&P Global Ratings is forecasting the Covid-19 pandemic will cost an estimated US$620 billion in total and permanent income loss for Asia-Pacific economies.

This cost covers the entire period from the first quarter of 2020 to mid-2021 when almost every major economy returns back to trend in the agency's baseline, it said in response to a query from The Business Times.