Economies around world suffer amid COVID-19 pandemic

Arirang News 2020-05-05

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코로나19 경제 타격: 미국 무역 3월 적자 11.5% 늘어, 스페인 380만명 일자리 없어

COVID-19 has now infected over 3-point-6 million people globally and killed over 255-thousand.
In addition, it is taking a massive toll on leading world economies.
The U.S. trade deficit for March widened almost 12-percent as the virus grounded international flights, froze the global tourism industry and caused disruptions to commerce.
The UK's service sector activity dropped to lowest level on record last month.
In Spain, unemployment is at a near four year high with 3-point-8 million people out of work.
Brazil is feeling the pinch as well.
Its industrial production plunged more than expected in March to levels not seen since 2003.

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