- The Chinese economy shrank by 6.8 percent in the first quarter of this year. China has not reported an economic contraction since 1976. However, there are signs of recovery, writes NRC.
- In the United States, 22 million Americans have already lost their jobs due to the pandemic, bringing the unemployment rate to 13.5 percent. This is looming as a situation resembling the Great Depression of the 1930s, outlines the FD.
- Passenger car sales on the European market more than halved in March. Industry association Acea states that 853,000 cars were registered last month, 52 percent less than the same period a year ago. Fiat-Chrysler and PSA (Peugeot, Citroën, Opel) were particularly hard hit.
- It Economic Institute for Construction (EIB) reports that the order intake fell by a quarter in March. According to the EIB, uncertain clients are the cause of the decline.
- Queen Máxima paid a working visit to FHI member Demcon in Enschede, reports TubantiaThe company managed to develop a ventilator in just three weeks. The first Demair machines are now being delivered.
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