Tags: world | economy | gdp | bloomberg

Bloomberg Survey: World Economy Plummeted 4.8% in April

Bloomberg Survey: World Economy Plummeted 4.8% in April
(Skypixel/Dreamstime)

Thursday, 07 May 2020 08:21 AM EDT

Bloomberg Economics’ global GDP growth tracker dropped sharply again in April, indicating the world economy contracted at an annualized rate of 4.8%, down from a drop of 0.8% in March and a far cry from growth of 4.2% at the start of the year.

It’s also the lowest reading since the height of the financial crisis in late 2008. What comes next will depend on the pace at which containment restrictions are eased.

© Copyright 2024 Bloomberg News. All rights reserved.


Economy
Bloomberg Economics' global GDP growth tracker dropped sharply again in April, indicating the world economy contracted at an annualized rate of 4.8%, down from a drop of 0.8% in March and a far cry from growth of 4.2% at the start of the year.It's also the lowest reading...
world, economy, gdp, bloomberg
73
2020-21-07
Thursday, 07 May 2020 08:21 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved