Coronavirus: impact on the global economy – BBC News

In the first quarter of the year that the U.S. economy suffered for more than a decade, the contraction was more severe as the country imposed blockades to slow the spread of coronavirus.

The world’s largest economy sank at an annual rate of 4.8%, according to official data released on Wednesday.

It marked the first contraction since 2014, ending with the expansion of records.

The numbers only highlight the whole crisis, as many of the reductions were not implemented until March.

The pandemic “is causing tremendous human and economic hardship in the United States and around the world,” U.S. central bank officials said Wednesday.

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Half of the world’s workers are at risk of destroying their lives caused by the coronavirus pandemic, the United Nations agency has warned.

The International Labor Organization’s up-to-date study highlights the significant impact it has on people in informal work.

They say they have already suffered severe damage to their ability to earn a living.

Without alternative income, these workers and their families would have no way to survive, he says.

The new analysis says the livelihoods of 1.6 trillion people are under threat from the virus, the equivalent of nearly half of the world’s workers. .

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