Many Times Greater Than Any War Since 9/11: Economists Estimate The Pandemic's Cost At $16 Trillion

It’s difficult to quantify the entirety of the havoc that’s been loosed on our economy in the last 8 months into a single number – but that’s what Harvard economists David Cutler and Lawrence Summers have done in a new paper in JAMA. Their estimate: $16 trillion dollars or 90 percent of one year’s GDP – the total value of our annual economy.