Markets.News
The government has reported that the unemployment rate in the country has reached a record high of 15%, with over 6 million people out of work. The economy has also shrunk by 10% in the last quarter, marking the biggest contraction since the Great Depression. The country's GDP now stands at $1.2 trillion, a significant decrease from the previous year. Additionally, inflation has risen to 5%, putting further strain on the already struggling population.Experts predict that the situation is likely to worsen before any signs of improvement are seen. The government is urging citizens to brace themselves for tough times ahead and is working on implementing measures to address the economic crisis.