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Factory activity was one of the first sectors to be hit by the coronavirus pandemic, as global supply chain disruptions restrained production.
‘Ferocity not previously seen in recent history’: US economic output plunged the most since 2009 in April as the coronavirus lockdown spre...
Service sector output, which accounts for two-thirds of the economy, plunged to 27 from 39.8. Manufacturing output dropped to 36.9 from 48.5.
Robots are rapidly on their way to taking 20 million manufacturing jobs, wiping out a chunk of the global workforce
Robots will displace 20 million manufacturing jobs worldwide, according to a new report from Oxford Economics.