: Failing to bring COVID-19 under control will cost $5.3 trillion in lost global growth over next five years, IMF estimates

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If the COVID-19 pandemic is not brought under control, it would reduce global GDP by a cumulative $5.3 trillion over the next five years, the International Monetary Fund warned on Tuesday.

“Recent developments have made it abundantly clear that we are all in this together and the pandemic is not over anywhere until it is over everywhere,” said Gita Gopinath, the IMF’s chief economist, in a new report on the outlook for the global economy.

“It…

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