Thursday, March 5, 2020

39 million deaths, trillion dollar slice from global economy, as PWC warns on coronavirus toll

There are alarming projections about that human toll from the coronavirus with one warning that as many as 39 million people could die in a pandemic. 

The dire outlook from the advisory firm PriceWaterhouseCoopers warns half the world's population could contract the deadly disease over the next year. 

PWC says a US$1 trillion could be carved from the global economy and $34 billion dollars in Australia where the government's forecast surplus could swing into a heavy deficit not seen since the global financial crisis. 

ABC's Peter Ryan with the latest on the economic fallout.

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