Finance

The historic coronavirus recession — by the numbers

The historic magnitude of the global coronavirus recession is starting to become clear.

Second quarter data for the EU point to a GDP hit of nearly 12 percent on top of a 3.2 point contraction in the first three months of the year. It is hard to overstate how significant that is. For comparison, during the Great Depression the worst quarterly result for the U.S. economy was a Read More – Source