Coronavirus: impact on Global Economy - BBC News

The US economy suffered its most severe contraction in more than a decade in the first quarter of the year, as the country introduced lockdowns to slow the spread of coronavirus.

The world's largest economy sank at an annual rate of 4.8%, according to official figures released on Wednesday.

It marked the first contraction since 2014, ending a record expansion.

But the figures just hint at the full crisis, since many of the restrictions were not put in place until March.

The pandemic "is causing tremendous human and economic hardship across the United States and around the world", policymakers at America's central bank said on Wednesday.

Half of the world's workers are in danger of having their livelihoods destroyed by the coronavirus pandemic, a United Nations agency has warned.

The International Labour Organisation's updated analysis emphasises its severe impact on people in informal work.

It says many have already suffered massive damage to their capacity to earn a living.

Without alternative income, these workers and their families would have no means to survive, it says.

The new analysis says 1.6 billion people's livelihoods are threatened by the virus, equivalent to almost half the global workforce.

[greywalker]

This just shows how precarious our civilization is .

[gsfcdy]

I only clicked hoping to see something about the Jobcentre and unemployment in the UK

[carolinekellysarin]

Before easing of lockdown, I realized the essence of self employment, i been looking into the market lately and on one Investment podcast i listened to, an investor went over how he made $350, 000 within a month of investing $100, 000 and as a beginner, i would appreciate any clue or strategies to make good profit.

[AKUNJIG]

The United States Response to Covid-19 has been ass.

[EyeToTheSkyPerth]

There’s more to this than meets the eye. Too many things just don’t add up with this virus full stop

[StijnHommes]

Stop spamming. You're not telling us anything. If an incompetent government makes people jobless, they apply for benefits. That is not surprising. Instead of forcing people into financial ruin, they should allow people to work with additional safety measures.

[nhgbfgh]

The poor becomes poorer. The rich becomes richer. Simple as that.

[Mrpaul]

Johnson needs to go !!! His failure to manage this crisis in the UK is beyond a joke

Come on Mr johnson do the right thing and resign

[seeksvengeance]

“I've got the guts to die. What I want to know is, have you got the guts to live?” Tennessee Williams.

[ShutThePuck]

Unemployment over 30 million in the US, but April 2020 was the greatest April that the stock market has had since 1987... Something is very very wrong

[gerimack]

FFS that kid on a bike with a bus passing! Space cadet on her phone. Deary me! Fkn howlers shouldn't be in charge of small people.

[ichigokurosaki]

Why does nobody talk about solving such a problem as overpopulation?

[CMoore]

This pandemic is starting to show just how many people shouldn’t be raising children. It’s insane. The amount of neglect.

[BobBob-cnyy]

Privatise the BBC make them work for a living.

[fredt.a]

Do we need the sad music? People can't eat and people are dying, it's sad, we get it... maybe focus on informing rather than emoting?

[daniel]

Open up the economy the death rate from this virus is slim let those who are old and have weakened immune systems stay home, the rest should be working and not be led by fearful politicians afraid to do what is best.

[mediterraneandiet]

End the lockdown: Wear masks in public. Wash hands regularly. Give others personal space. That’s it.
Let’s get things done.

[minniebluebell]

The response has caused this not the virus

[stephenmichalski]

long as I have enough food.... drink and shelter against the listen to....play and a bit of could pretty much care less about the Global Economy. I leave that over hyped concern to the wing tip wearing 2 faced stab you in the back greedy suits who care more about their lavish houses....their summer homes....their priced shiny most important.... their money and profit more than they do people.Guess I'm just a simple fool who doesn't know what's really important in our one and only lives.

[mrmawson]

It would be good if you all stopped blaming people