U.S. gross domestic product fell at a 4.8% annualized rate in the first three months of the year. The outcome for the April to June period is expected to show an even worse annualized decline of perhaps 20% or more. The unemployment rate rose from a record low of 3.5% in February, hitting 14.7% in April and 13.3% last month.

The euro zone economy is likely to shrink between 8% and 12% this year

India's economic growth was expected to slip

China's economy shrank 6.8% in the first quarter

the U.S. economy would contract at a 37.7% annual rate in the second quarter, but expand at a 21.5% pace in the July-September period.

Japan's economy contracted 0.9% in January-March, or at an annualized pace of 3.4%,

Under the baseline scenario, GDP growth in developed countries will plunge to –5.0 per cent in 2020, while output of developing countries will shrink by 0.7 per cent.

Russia is set to record negative GDP growth of 4.5 per cent in 2020 following the shocks caused by the coronavirus pandemic and the collapse of the OPEC+ agreement to limit oil production.

Russian budget revenues are expected to fall 4 trillion roubles below expectations.

U.S. real gross domestic product (GDP) decreased at an annual rate of 4.8 percent in the first quarter of 2020