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The UK economy contracted during April, with the largest monthly drop in GDP in the country's history, according to the Office for National Statistics.
A managing director at Citigroup said this week that travel companies are likely to come under pressure in the long run, and this could lead to airlines to struggle with profitability. However,
Bank of Japan Governor Kuroda confirmed they ready to take all appropriate measures if necessary
An ECB report today indicated that the global use of the euro was widely stable last year after a steady decline in the wake of the eurozone debt crisis. However, hopes for increased demand have not been fulfilled.
Data released today showed that German exports and imports fell in April, marking its largest decline since 1990 as the Coronavirus crisis reduced demand, adding to the bleak outlook for Europe's largest economy.
The European Commission will propose allocating €750 billion to the European Union economy to help it recover from the coronavirus crisis, German news agency DPA reported on Wednesday.
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