Business surveys point to big job losses and large falls in output in some of the world’s largest economies
Europe saw a record fall in business activity during March as government measures and behavioral changes designed to contain the novel coronavirus intensified, while Japan saw sharp falls that similarly hit service providers hardest.
Surveys of purchasing managers released Tuesday that have a good record of measuring economic activity point to large drops in output and big job losses in some of the world’s largest economies, suggesting a global recession is possible. The surveys are the first globally comparable measures of...
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