Pandemic Triggers Record Recession in Asia, Europe and the Americas

Only China, which had led the world decline in the first quarter, has escaped a second consecutive quarter of GDP drop, as its economy is now rebounding.

RIO DE JANEIRO, BRAZIL - After India on Monday, Brazil reported on Tuesday a historic drop in its Gross Domestic Product (GDP) in the second quarter, a tumble suffered by nearly all the world's major economies due to the Covid-19 pandemic. Only China has escaped the recession.

Brazil, Latin America's largest . . .

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