COVID-19: World’s leading economies pushed into record slumps
PARIS, September (online): Brazil and India reported historic second-quarter drops in national economic output this week, a situation seen in almost all leading global economies owing to the coronavirus pandemic.
Only China, where the outbreak was first reported, has escaped a recession.
Latin America’s leading economy said Tuesday that national output had fallen by 9.7%.
Brazil has reported the second highest number of coronavirus deaths to date, with more than 121,000
India said its economy had collapsed by 23.9%. The country is also among those that have reported the most coronavirus deaths, with more than 65,000.
It is not in recession however because business activity expanded by 3.1% in the first quarter of the year.
