Conavirus: devastating economic impact as Next warns of 40% fall in sales – BBC News

There's more evidence of the devastating impact the coronavirus pandemic is having on business and the economy. The retailer Next has warned that sales could drop by 40%. Others have said thousands of high street shops could permanently close. Barclays Bank has reported a substantial drop in profits and said that the cost of people defaulting on loans could be more than £2 billion. Meanwhile the United States, which is the world’s biggest economy, has recorded the worst growth figures in a decade. Huw Edwards presents BBC News at Ten reports from Economics Editor Faisal Islam and Nick Bryant in New York. Please subscribe HERE bit.ly/1rbfUog

Watch the video at BBC News on Coronavirus Outbreak