Markets.News
In recent developments, it has been reported that the unemployment rate in the country has reached a record high of 10.2%, with over 15 million people currently out of work. This is the highest level of unemployment seen in over a decade. Additionally, the GDP growth rate for the last quarter was recorded at a negative 5.3%, marking a significant economic downturn. Experts are predicting a challenging road to recovery for the economy in the coming months as the country grapples with the impact of the global pandemic. The government has announced various stimulus packages to help alleviate the financial strain on businesses and individuals during this difficult period.