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Covid-19 pandemic savages global economy; US PMI at record low

Business activity surveys from Australia, Japan, euro zone show record falls; US March PMI slides to 40.5


EVIDENCE that the coronavirus pandemic is hammering the global economy mounted on Tuesday as business activity surveys from Australia and Japan to Western Europe showed record falls. The US figure fell to an all time low of 40.5 in March after hitting 49.6 in February.


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