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.
More For You
- YouTube
The war in Iran is entering a more dangerous phase.
Most Popular
Walmart sponsored posts
Walmart’s $1 billion investment is strengthening associate careers
Sponsored posts
How a global coalition disrupted Tycoon 2FA
- YouTube
The Regime's viral banger "Special Military Operation" is NOW STREAMING on most platforms, including those TWO BIG ONES. #PUPPETREGIME
- YouTube
In this Quick Take, Ian Bremmer breaks down the escalating US-Israel war with Iran and its ripple effects on global markets and supply chains.
As missiles fly and oil prices soar, the Iran war is exposing another major resource vulnerability in the Middle East: water. Fresh water has been a scarce commodity in a region defined by a dry climate and low rainfall, but attacks on the region’s desalination plants, which convert seawater into drinking water, threaten to open a new front.
© 2025 GZERO Media. All Rights Reserved | A Eurasia Group media company.
