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[VOA] VOA 2020-04-30

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The United States economy shrank during the first quarter of 2020, the country biggest downturn in more than a decade. The congress department said the economy plunged an annual rate of 4.8%, as wide sorts of business shutdown to prevent the spread of coronavirus. The decline for the January-March period hadn’t an entirety in the last three weeks of March has the affect of pandemic swept through the world’s biggest economy. Economists are predicting the second quarter drop could reach even further.
Germany could see a 6.3% drop in its Gross Domestic Product as a result of pandemic. The country’s economy minister said in Wednesday the government is also predicting a sharp recovery in 2021. Peter tells the reporters by the end of the second quarter of 2020, Germany is likely to see a contraction about 11% of GDP before signs of any improvement.
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