May 21, 2020
In recent weeks, data showing GDP figures for Q1 2020 have started trickling in, painting a grim picture of a global economy in turmoil. Coronavirus lockdowns have reduced both demand and supply of goods and services, pushing many of the world's largest economies into recession for the first time in years. Government-mandated business closures, meanwhile, have reduced the output of once-booming economies across Asia, Europe and the US, prompting an unprecedented rise in unemployment. So, how bad is it? Here's a look at the GDP contractions and unemployment rates for the world's largest economies.
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