image copyrightAFP image captionSmall businesses have suffered the most during the lockdown India’s economy contracted by 23.9% in the three months to the end of June, making it the worst slump since 1996. A grinding lockdown brought on by the coronavirus pandemic has disrupted business and left millions out of jobs, reports the BBC’s Nikhil Inamdar. For the last five… Read more →
Image copyright Getty Images While economists say China’s economic data can’t always be trusted, they now have a new dilemma – there is no data. On Friday, China said it wouldn’t be setting a target for economic growth for this year. That’s unprecedented – the Chinese government hasn’t done this since it began publishing such goals in 1990. Abandoning the… Read more →
Image copyright Getty Images Japan has fallen into recession as the financial toll of the coronavirus continues to escalate. The world’s third biggest economy shrank 3.4% in the first three months of 2020 compared to a year ago, its biggest slump since 2015. The coronavirus is wreaking havoc on the global economy with an estimated cost of up to $8.8tn… Read more →