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Spain's economy shrinks, oil looms large with oversupply

Spain Ukraine virus pandemic economy Government
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The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to the global economy, the work place and the spread of the virus.

________________________ CENTRAL GOVERNMENT & BANKS: Nations are continuing attempts to reopen businesses. But evidence of the economic damage from the virus is widespread. — Spain’s economy shrunk by 5.2% in the first three months of the year.

That breaks with 25 consecutive periods of positive economic activity going back to 2013. Spain’s National Institute of Statistics said Thursday that the drop in economic activity came after 0.4% growth in the final quarter of 2019.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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