Conavirus:  devastating economic impact as Next warns of 40% fall in sales - BBC News

Conavirus: devastating economic impact as Next warns of 40% fall in sales – BBC News

There’s more evidence of the devastating impact the coronavirus pandemic is having on business and the economy. The retailer Next has warned that sales could drop by 40%. Others have said thousands of high street shops could permanently close.

Barclays Bank has reported a substantial drop in profits and said that the cost of people defaulting on loans could be more than £2 billion.

Meanwhile the United States, which is the world’s biggest economy, has recorded the worst growth figures in a decade.

Huw Edwards presents BBC News at Ten reports from Economics Editor Faisal Islam and Nick Bryant in New York.


Covid-19 (Coronavirus) news from BBC

Did you like article? Say thanks by clicking below:


About The Author

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top