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Here's how much the coronavirus is costing the world (so far)

Reader's Digest Logo By Danielle Braff and Dawn Yanek of Reader's Digest | Slide 1 of 15: The coronavirus isn’t just costing lives; it’s also costing livelihoods. As the death toll rises around the world and the disease spreads throughout the United States, it could cost the global economy trillions in lost income, stock-market drops, tourism dollars, and more. So, just how much money will it cost us? Early estimates from Bloomberg put it at $2.7 trillion—but that was before coronavirus was declared a pandemic, all of Italy went on lockdown, and the United States started canceling everything. This crisis will also have some surprising repercussions in seemingly unrelated ways, including the major way it’s already affecting construction. Here’s what this virus is doing to us financially—and has the potential to do as the crisis worsens.

The other devastating effects of the coronavirus

The coronavirus isn’t just costing lives; it’s also costing livelihoods. As the death toll rises around the world and the disease spreads throughout the United States, it could cost the global economy trillions in lost income, stock-market drops, tourism dollar, and more. So, just how much money will it cost us? Early estimates from Bloomberg put it at $2.7 trillion — but that was before coronavirus was declared a pandemic, all of Italy went on lockdown and the United States started canceling everything.

This crisis will also have some surprising repercussions in seemingly unrelated ways, including the major way it’s already affecting construction. Click through the gallery above to see what this virus is doing to us financially — and has the potential to do as the crisis worsens.

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