Financial Times/Chris Giles and Valentina Romei/4-3-2020
“Service sector activity crashed across Europe in March as coronavirus lockdowns caused a series of widely watched business surveys to record their largest-ever monthly falls to levels that suggest a severe economic contraction is under way.”
USAGOLD note: Global in scope …… Severe in intensity …… Already underway. These types of descriptions generally appear in dire opinion pieces about the future, not as news reported on the front pages of the world’s top newspapers.
Related: Global economy set for sharpest reversal since Great Depression/Financial Times
