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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Singapore’s President Tharman Shanmugaratnam tells Ian Bremmer on GZERO World that his country will feel the impact of AI sooner than most, but the government believes it can be a boost for workers, not a threat.
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A flood victim stands at her flooded home after weeks of heavy rainfall in Boane District, Maputo, Mozambique, January 19, 2026.
REUTERS/Amilton Neves/File Photo
392,000: The estimated number of people displaced across Mozambique by recent rain-induced floods. Severe flooding in the southern African nation, as well as in South Africa and Zimbabwe, has killed over 100 people.
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