Which top economies have suffered worst GDP fall due to COVID-19?
Barring China, the world's second-largest economy, all other major economies have felt the negative impact of coronavirus pandemic
- Aug 31, 2020,
- Updated Sep 1, 2020 5:18 PM IST
India's economic growth suffered its worst fall on record in the April-June quarter, with the gross domestic product (GDP) contracting 23.9 per cent. The coronavirus-related lockdowns mainly weighed on the already-declining consumer demand and investment. The numbers are the worst since India started reporting quarterly data in 1996.
Barring China, the world's second-largest economy, all other major economies have felt the negative impact of coronavirus pandemic. In the April-June quarter of 2020, Chinese economy grew by 3.2 per cent.
India's economic growth suffered its worst fall on record in the April-June quarter, with the gross domestic product (GDP) contracting 23.9 per cent. The coronavirus-related lockdowns mainly weighed on the already-declining consumer demand and investment. The numbers are the worst since India started reporting quarterly data in 1996.
Barring China, the world's second-largest economy, all other major economies have felt the negative impact of coronavirus pandemic. In the April-June quarter of 2020, Chinese economy grew by 3.2 per cent.