The International Monetary Fund (IMF) estimates the accumulative loss of global GDP is eight trillion U.S. dollars. Economist and former chairman of Goldman Sachs Asset Management Lord Jim O'Neill tells The Agenda's Stephen Cole that despite initial weakness in March, the stock markets have since recovered to their highest levels of the year. He adds how the lasting impact of the current COVID-19 pandemic is still immeasurable and that it's possible the scale of the economic crisis may turn out to have been exaggerated.