Jakarta, CNBC Indonesia – Covid-19 pandemic has brought down the economies of many countries. Even some countries have entered the recession.
The latest is the United States which last night officially declared a recession. This is due to the depressed economic growth in the second quarter.
Earlier there was also Germany which declared the recession official because the economy was also depressed deeply. Much earlier, a few weeks ago, the Asian nation, Singapore, also declared an official recession.
The following is a list of countries that have fallen into recession:
United States of America
The economy of the Uncle Sam country was negative 32.9% in the April-June period. This contraction is much sharper than the first quarter which recorded minus 5%.
Thus a report from the US Department of Commerce which was just released on Thursday (7/30/2020) was launched directly from CNBC International.
A sharp contraction occurred in consumption, exports, to investment and government spending. Visible, spending that slips in quite deeply is health care or health and items such as clothing and footwear.
While the deepest decline in investment was due to the loyonya automotive sector.
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