Charting the global economy: GDP report cards are out and awful

Charting the global economy: GDP report cards are out and awful

From bnnbloomberg.ca

Report cards on the massive economic toll of the coronavirus were issued in the U.S. and Europe this week and they were downright abysmal. The U.S., Germany, France, Spain and Italy all registered the sharpest declines in gross domestic product on record, according to the respective government statistical agencies. And while economies have reopened from mandated lockdowns, the pandemic continues to complicate a recovery. Here are some of the charts that appeared on Bloomberg this week, offering insight into the latest developments in the global economy. The world’s largest economy just suffered its worst downturn ... (full story)

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Aug 2, 2020 1:31pm Aug 2, 2020 1:31pm

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I think that the decline in production in Europe is no less than that in the United States. Parity between the euro and the dollar is quite real by the end of the year.

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Posted: Jul 31, 2020 11:46pm
Submitted by:
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Category: Fundamental Analysis

Comments: 1 / Views: 4,150