The United States is facing its biggest decline in economic output in a decade, observers say

The United States is facing its biggest decline in economic output in a decade. According to media reports, in the first three months of the year, the growth rate of the United States fell by 4.8 percent compared to the previous decade. The biggest shortfall is that 26 million people have lost their jobs in the United States.

According to observers, the decline in the economy will lead to a further 30% decline by June. Countries around the world are facing economic hardship due to the Code 19 crisis. Germany's economic minister, Peter, has said the global epidemic could cause his country's economy to suffer its biggest crisis since World War II. He said Germany's GDP was likely to fall by 6.3 percent.