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U.S. Economy: -4.8% First-quarter GDP Contraction Spells Trouble for Rest of the World's Economy

  • Written by James Skinner

The U.S. economy experienced a historic contraction at the hands of the coronavirus in the first-quarter, with gross domestic product falling further than markets had anticipated and potentially pointing to trouble ahead for the rest of world economy just a day before Eurozone figures are released.

Read more: U.S. Economy: -4.8% First-quarter GDP Contraction Spells Trouble for Rest of the World's Economy

ZEW Survey Warns of Protracted German Economic Slump and Slow Recovery

  • Written by James Skinner

The influential Leibniz Centre for European Economic Research (ZEW) survey forewarned on Tuesday of a protracted period of economic pain and only a slow recovery from the coronavirus crisis for the German, Eurozone and global economies.

Read more: ZEW Survey Warns of Protracted German Economic Slump and Slow Recovery