US economy suffers sharpest contraction in decades
US economy contracted by 9.5% between April and June
Official data shows that the world's biggest economy contracted by 9.5% in three months. That's worse than at any point since the US government started keeping quarterly records in 1947. We hear from Professor Tara Sinclair, an economist at George Washington University. Black Lives Matter聽protests have added to a continuing backlash against brands selling聽skin-whitening creams in South Asia; Nikhil Inamdar reports from Mumbai on an industry under threat. We talk to listener, Elizabeth Pendleton, in Colorado Springs about the unemployment picture in Colorado. The 大象传媒's Ed Butler reports on the world鈥檚 biggest lithium deposit; it's in Bolivia and is worth billions of dollars to a world scrambling to reduce its reliance on carbon. Plus, we're joined throughout the programme by Tony Nash, co-founder and Chief Economist at Complete Intelligence in Houston, Texas and from Lahore in Pakistan, Mehmal Safraz, co-founder of The Current PK. (Picture: A closed shop in California. Picture credit: Getty Images.)
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- Fri 31 Jul 2020 00:06GMT大象传媒 World Service
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Business Matters
Global business and finance news and discussion from the 大象传媒