Source: depositphotos.com
Reading time: ten minutes
The COVID-19 pandemic and the effort made on behalf of governments to keep the situation under control led to astounding expenses for all nations across the globe.
In the first quarter of 2020, China’s economy shrank by 6.8% year-over-year. Soon, it was followed by the Eurozone, whose finances also shaved off 14.8% compared to last year, as well as by the U.S. with its year-over-year decline of 4.8%.