According to an OECD report on the second quarter of this year, the United Kingdom economy has been hit hardest by the depression, featuring a drop of 20.4% GDP. France is a bit better off, with a drop by only 13.8%; Germany reports a drop of 9.7%. Japan had a better performance, with a drop of only 7.8%.
The crisis has caused a deficit of EU51.6 billion for Germany in the first six months of this year, as compared to a surplus of EU46.5 billion in the same period in 2019. The deficit translates into a loss of 3.2% of GDP.
