Covid-19 left 147 mn unemployed, global consumption loss at $3.8 trn: Study

Decisions made in response to the pandemic could shape the future of humanity, says study published in journal PLOS ONE.

Researchers, including one of Indian origin, have said the coronavirus has made 147 million people unemployed and the global consumption loss due to the pandemic amounts to an estimated $3.8 trillion.

Beyond its health effects, the pandemic and associated lockdowns have resulted in major social and economic losses worldwide, the researchers said.

While some regions, such as China and the US, have experienced greater direct economic effects than others, the entire world economy has been impacted through international trade links.

"Our study highlights the interconnected nature of international supply chains, with observable global spillover effects across a range of industry