IMF: Every month of downtime will cost European economies 3% of GDP
In the economies of developed European countries, so-called non-strategic production, now stopped in a number of states by the decisions of the authorities to prevent the spread of coronavirus, creates about a third of GDP, said on Monday, March 30, Director of the European Department of the International Monetary Fund Paul Tomsen. Thomsen's assessment is published on the International Monetary Fund's official blog. This state of affairs means that the current regime will cost developed economies 3% of GDP monthly, and this does not take into...