CNBC Reports: 7 charts show how the coronavirus pandemic has hit the global economy
As of today, 2.7 million have been infected by COVID-19 and almost 200,000 have died. This has caused major economic turmoil on a global scale.
There has been a massive rise in unemployment:
The service industry has also taken a massive hit:
Economists warned that consumers may not resume spending even after lockdown measures are lifted. That’s evident in the “slow improvement” in retail sales in China even after the country allowed a gradual reopening of businesses, said analysts from Oxford Economics.
Manufacturing has also tanked around, with the Euro zone taking a massive hit:
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