Tripoli the libyan warlord relief after says his forces will stop fighting during the holy month of ramadan. Also ahead lebannon central bank under attack again during another night of protests across several cities. This is still early days in the worldwide recession brought about by the coronavirus pandemic but we do have a better sense of the damage it is causing the u. S. Economy the worlds biggest has seen a decade of growth wipes out in 3 months shrinking by almost 5 percent the u. S. Plane maker boeing has reported 1st quarter losses of more than 600000000. 00 over the same period as european rival air past lost 550000000 and the e. U. s biggest economy germany is forecasting its worst year since the end of world war 2 well begin with the United States we have this report from she have a tendency. The 4. 8 percent decline for g. D. P. Between. January and march represents the largest decline since the 2008 recession Consumer Spending which accounts for 70 percent of g. D. P. Dro
The Syrian Government is blocking medical supplies to the countrys northeast. Welcome to the program the u. S. Economy is falling deep into one of its most severe recessions in recent times its seen a decade of growth wiped out in just 3 months shrinking by almost 5 percent and this concerns of the crisis caused by the coronavirus pandemic is any going to worsen she has returned has the story. The 4. 8 percent decline for g. D. P. Between january and march represents the largest decline since the 2008 recession Consumer Spending which accounts for 70 percent of g. D. P. Dropped by an annualized rate of 7. 6 percent the largest drop since 1080. 00 moreover this is just a preliminary estimate Analysts Expect the eventual number to be far higher than these numbers are for a quarter in which the economic locked down only accounted for a few weeks she. 2nd quarter g. D. P. Figures for april to june a projected to register a decline of around 30 to 40 percent with some Financial Institutions
Haftar says his forces will stop fighting during the holy month of ramadan. And there we have it that were having to live dumping to let go. As demand for projects drops due to the pandemic warnings of a catastrophe for the u. K. Stabbing industry. Welcome to the program the us economy is falling deep into one of its most severe recessions in recent times its seen a decade of growth wiped out in just 3 months shrinking by almost 5 percent and theres concerns the crisis caused by the coronavirus pandemic is only going to worsen she had returns and starts our coverage. The 4. 8 percent decline for g. D. P. Between january and march represents the largest decline since the 2008 recession Consumer Spending which accounts for 70 percent of g. D. P. Dropped by an idealized rate of 7. 6 percent the largest drop since 980. 00 moreover this is just a preliminary estimate Analysts Expect the eventual number to be far higher than these numbers a 4th quarter in which the economic locked down only
Fight against the pandemic one of the worst hit countries in asia reports no new local cases. And the u. S. City of miami starts to lift its lockdown restrictions despite a high number of cases. Im going to go with sports is italy its football season looks set to be scrapped players are about to start training again but the country sports minister wants to follow france and the netherlands and focus on next season instead. Its 10 g. M. T. And we start in europe where the economy has suffered its biggest quarterly hit on record shrinking by 3. 8 percent so far this year thats the eurozone sharpest drop since records began in 1995 so yet another indicator of the widespread economic devastation caused by the coronavirus lockdowns around the world all that comes after germany which is europes strongest economy announced its g. D. P. Is on track to shrink by more than 6 percent this year because straight to don. It came it joins us live from len so dominic we were expecting of course the ec