Vietnam GDP Loss due to COVID 19 outbreak.

According to Asian Development Bank, Vietnam to lose 0.41% of GDP due to COVID-19.  ADB says developing members that will be significantly affected are those with strong trade and production linkages with mainland China.

“The magnitude of the economic losses will depend on how the outbreak evolves, which remains highly uncertain. The range of scenarios explored in the analysis suggests a global impact in the range of US$77 billion to US$347 billion, or 0.1% to 0.4% of global gross domestic product (GDP),” ADB said in the report.

In a moderate scenario, where precautionary behaviours and restrictions such as travel bans start easing three months after the outbreak intensified and restrictions were imposed in late January, global losses could reach US$156 billion, or 0.2% of global GDP. Mainland China would account for US$103 billion of those losses – or 0.8% of its GDP. The rest of developing Asia would lose US$22 billion, or 0.2% of its GDP.