Conavirus: devastating economic impact warns of next 40% drop in sales – BBC News

There is more evidence of the potential impact of the coronavirus pandemic on business and the economy. The next seller has warned that sales could fall by 40%. Others have said thousands of shops on the street could be closed for good.

Barclays Bank has seen a sharp drop in profits and said the cost of defaulting on loans could be more than $ 2 billion.

Meanwhile, the United States, the world’s largest economy, has had its worst growth figures in a decade.

Huw Edwards presents BBC News in ten reports from Faisal Islam and Nick Bryant, the New York Economic Editor.

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