Japan slides into recession — with forecasts of worse to come

Japan slides into recession — with forecasts of worse to come

TOKYO — Japan dived into its first recession since 2015, according to official data Monday, with the world’s third-largest economy shrinking by 0.9 percent in the first quarter as it wrestles with the fallout from the coronavirus. The drop in gross domestic product followed a 1.9-percent decline in the fourth quarter of 2019 as a […]
UN forecasts pandemic to shrink world economy by 3.2%

UN forecasts pandemic to shrink world economy by 3.2%

UNITED NATIONS  — The United Nations forecast Wednesday that the COVID-19 pandemic will shrink the world economy by 3.2% this year, the sharpest contraction since the Great Depression in the 1930s. A woman walks past an electronic board showing world currency exchange...