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US economy shrinks by 1.2% in Q1

The fall is the sharpest contraction since the 2008 financial crisis.

The fall is the sharpest contraction since the 2008 financial crisis, according to figures released by the US Bureau of Economic Analysis. We ask Jared Bernstein, former economic adviser to the Obama administration, how much worse the US economy is likely to get in the coming months.

There's a warning those working informally could be hit particularly hard by coronavirus. Guy Ryder is director general of the International Labour Organisation, and explains his organisation's latest findings.

The Βι¶ΉΤΌΕΔ's Ishaq Khalid in Abuja discusses which areas of the Nigerian economy are suffering the most. Plus Helena Horton of the Daily Telegraph tells us why sales of eggcups in the UK have rocketed as a result of the coronavirus pandemic.

(Picture: A man outside the US Department of Labor. Picture credit: Getty Images.)

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27 minutes

Last on

Wed 29 Apr 2020 21:32GMT

Broadcast

  • Wed 29 Apr 2020 21:32GMT