Factory output plummeted across Asia and Europe during April, according to surveys of purchasing managers, as efforts to limit the spread of the novel coronavirus dealt a blow to the global economy that has few precedents in its breadth and abruptness.
From India and Indonesia in Asia to Poland and Greece in Europe, purchasing managers at manufacturing businesses told data firm IHS Markit the same story: April saw the sharpest fall in output and other measures of activity on record.
As the Covid 19 continued to hammer the economy, we'll face a more serious situation where more than thirty million people apply for the relief.
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