Last year, the global economic growth was roughly 3.0% and the global GDP was estimated at around $86.6 trillion, according to statistics published by Statista. At the moment, the global GDP growth is down to 2.4%. It can potentially go even further down before 2021.
While this percentage may seem insignificant, it certainly isn’t. That’s because this less than-than-one percentage drop in global GDP amounts to $3.5 billion in lost economic output.
The coronavirus outbreak hasn’t just affected us financially. There are certain legal consequences many people aren’t even aware of. But that’s what we’re here to discuss.
To get a unique perspective on the situation, we talked to Bobby Gill, lawyer and wealth manager.…Continue reading