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World’s biggest economies are heading for a recession

5 mins read

The FINANACIAL — There are signs that some of the world’s top economies could slump as coronavirus outbreak compounds pre-existing weaknesses. Japan’s economy shrank at an annual pace of 6.3% last quarter. The closely-watched ZEW Indicator of Economic Sentiment in Germany decreased sharply. The rising cost of the coronavirus outbreak for business and the world economy is expected to become clearer this week as major firms issue trading updates and China reports the toll on its manufacturing sector. China’s president Xi Jinping warned at the weekend that the coronavirus would have a “relatively big impact on the economy and society.”…

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World’s biggest economies are heading for a recession

5 mins read

The FINANACIAL — There are signs that some of the world’s top economies could slump as coronavirus outbreak compounds pre-existing weaknesses. Japan’s economy shrank at an annual pace of 6.3% last quarter. The closely-watched ZEW Indicator of Economic Sentiment in Germany decreased sharply. The rising cost of the coronavirus outbreak for business and the world…