World News Briefs -- October 13, 2020 (Evening Edition)

The Guardian: IMF estimates global Covid cost at $28tn in lost output 

World economic outlook says 2020 impact is less than thought but there will be deep scars 

The International Monetary Fund has scaled back its estimate of the hit to the global economy from Covid-19 this year but warned that the final bill for the pandemic would total $28tn (£21.5tn) in lost output. 

Gita Gopinath, the IMF’s economic counsellor, described coronavirus as the worst crisis since the Great Depression, and said the pandemic would leave deep and enduring scars caused by job losses, weaker investment and children being deprived of education. 

Read more .... 

 MIDDLE EAST 









 ASIA 

Afghan-Taliban conflict: Families flee fresh fighting in Helmand





China's trade recovery surpasses expectations amid pandemic. 







AFRICA 








 EUROPE 






EU foreign ministers agree to sanction Russia. 







 AMERICAS 








 TERRORSIM/THE LONG WAR 


Swedish female ISIS supporters may be tried in Syria for terrorism offences. 


 ECONOMY/FINANCE/BUSINESS 



Global economy in deep recession, but outlook not as grim as feared, says IMF. 

IMF revises its global GDP forecast higher, but warns the economy ‘remains prone to setbacks’.


Subscribe to receive free email updates: