The economic impact of the COVID-19 outbreak on developing Asia

This brief analyzes the potential economic impact of the new coronavirus outbreak on developing Asian economies across various scenarios.Given the highly unpredictable nature of the outbreak, the range of scenarios explored in this brief suggests a global impact of $77 billion to $347 billion or 0.1% to 0.4% of global GDP, with a moderate case estimate of $156 billion or 0.2% of global GDP. Two-thirds of the impact falls on the PRC, where the outbreak has been concentrated so far. The estimated impact on individual developing Asian economies—and on sectors within these economies—is also provided.