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Relief chief. Thank you for joining us. The brutal impact of coronavirus lockdowns on the Global Economy is becoming clearer with the release of new Financial Data. The numbers only reflect up to the end of march as most restrictions were being put in place. Let us start with the Worlds Largest economy, the United States, which has recorded more than 60,000 dead. 4. 8 conomy has shrunk since the start of the year. That is the largest drop since 2008. New numbers from germany show its gdp is expected to contract by more than 6 this year, plunging the country into its deepest recession in half a century. And the economic heart of africa, nigeria, has been granted a 3. 4 billion loan from the imf. That is the funds largest ever aid package for a single country. All of t ....
Launching another attack on tripoli the libyan warlord after says his forces will stop fighting during the holy month of ramadan. Levon on sunday will bank under attack again during another nights of protests across several cities. Welcome to the Program 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 doing the u. S. Economy the Worlds Largest a scene a decade of growth wiped out in just 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 its main european rival airbus losing 515000000. 00 and the e. U. s biggest economy just. Many forecasting its worst year since the end of world war 2 well begin with the u. S. We have this report from she have a tendency. The 4. 8 percent decline for g. D. P. B ....
Says his forces will stop fighting during the holy month of ramadan. Brazils Supreme Court blocks president also as choice of a family friend for the new police chief. 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 theres concerns a crisis caused by the coronavirus pandemic is only going to worsen she have returns he reports. 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 ....
Friday coming off the exhaustion of all of that central bank news, the analysis of the markets, the big tech earnings. I would focus on this may day, on the persistent theme, the dawning awareness about a seriousness a pandemic continues to be. One lighter note, there is a beach war in america. The governor of california is shutting down the beaches while alabama and texas are talking about opening the beaches. That is the distraction in a very difficult virus statistics. Howcine it is interesting in the u. S. It differs from state to state. With the bloomberg first word news in new york city is Viviana Hurtado. Viviana we begin with u. S. Federal reserve expanding the scope of its main Street Lending program. Now businesses with up to 15,000 employees will be eligible, so will those with up to 5 billion in revenue. The central bank is expanding its paycheck protection facil ....