EveryCRSReport – Global Economic Effects of Covid-19: In Brief March 13, 2020 – March 16, 2020 – Since the Covid-19 outbreak was first diagnosed, it has spread to over 100 countries and almost all U.S. states. The virus is having a noticeable impact on global economic growth. Estimates so far indicate the virus could trim global economic growth by 0.5%, but the full impact will not be known until the effects peak. This report provides an overview of the global economic costs to date and the response by governments and international institutions to address these effects.”