Covid-19: How the deadly virus hints at a looming financial crisis

The International Labour Organization estimates that Covid-19 will destroy up to 25 million jobs. According to the UNCTAD, it will likely cost the global economy between $1 trillion and $2 trillion in 2020. Even when the pandemic had affected only 30 people in India in early March, UNCTAD said the trade impact for the country could be about $348 mln.