Expected Global Compensation Value (Example 1)
Individual citizen compensation for difficult circumstances (curfews, daily life restrictions, loss of earnings)
Compensation to individuals for recovery from infection
Compensation to the family of the individual citizen in the event of death directly brought about by the pandemic
Compensation of costs for Country governments concerned for taking measures in hospitals, pharmacies and doctor's offices to combat the pandemic
Compensation of Country Governments concerned for taking necessary measures to contain the pandemic by declaring a national emergency (border closure, curfews, monitoring of the measures taken, quarantine, penalties, etc. ...)
Compensation for the economic loss of affected sectors such as companies in industry and trade
Compensation of the tax office through lost taxes
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The global macroeconomic damage that could be caused by the COVID-19 pandemic will, according to calculations, amount to approximately US $ 58 trillion (see Global Economical Damages table) at least.
Many formulas could be used to calculate the assumed cost of combating the pandemic and subsequent costs. I have prepared two different calculation methods that could be used for each country affected by the pandemic
By click on the bolded words "Global (Example 1)" and "Global (Example 2)" , "Austria" and "European Community" you will find examples on assumed costs, which most likely will incur for around the Globe, Austria and the European Community. As the period until end of the pandemic is unknown, the costs can be higher or lower
If the causer country refuses to pay compensation and plays "not guilty of misconduct", there are various ways to offset the costs incurred. To continue, please go to "Cost Recovery by Force".
