Published: 03 May 2020 › Updated: 03 May 2020
Eurozone: Unprecendented Decline
The ECB President, Christine Legarde, admitted that the ECB is in emergency mode because of "unprecedented decline. On an annual basis, the drop in GDP in Q1 was 14.4%. In contrast, the U.S. was 4.8%.
In this video I discuss how the EU is in big trouble and worth watching. It could really stifle any hope of a quick recovery in the global economy.
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