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
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There is extra proof of the devastating impact the coronavirus pandemic is having on industry and the economy. The retailer Next has warned that sales could perchance fall by 40%. Others have acknowledged thousands of high aspect road outlets could perchance completely finish.

Barclays Financial institution has reported a noteworthy fall in profits and acknowledged that the value of of us defaulting on loans could perchance simply be larger than £2 billion.

Meanwhile the united states, which is the field’s finest economy, has recorded the worst development figures in a decade.

Huw Edwards affords BBC News at Ten stories from Economics Editor Faisal Islam and Sever Bryant in Unique York.

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