Is a Covid-19 global recession now inevitable?

Eurozone shrinking as US GDP falls at sharpest rate since the 2008 financial crisis

Steep losses on Wall Street have caused global stock market slump
(Image credit: Spencer Platt/Getty Images)

Economists are predicting a deep global recession after official data shows that the US experienced its worst first-quarter GDP fall since the financial crisis a decade ago.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up