Bleak figures from China and US show economic hit from virus

article author: 
Author: 
Sat, 2020-04-18 04:22

BEIJING: Bleak figures from the world’s two largest economies underscore how quickly the coronavirus is delivering a massive economic blow.

China on Friday reported GDP shrank 6.8 percent from a year ago in the quarter ending March, its worst contraction since before economic reforms began in 1979. In the US, the world’s largest economy, the ranks of the unemployed swelled toward levels reached during the Great Depression.

Main category: 


from ArabNews https://ift.tt/2xsDbjr
via Latest News of Dubai

Post a Comment

0 Comments