Premier Development & Investment, Inc. submits Q1 report, discloses important material issues.
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The global economy contracted by 3.5% in 2020 due to COVID-19, with the US down 3.7% and the Eurozone by 6.8%. China was the only major economy to grow, at 2.3%. Job losses reached 114 million globally, and the tourism sector saw a 55% revenue drop. Despite stimulus efforts, global trade fell by 9.2%. A recovery is anticipated in 2021, with a projected growth of 4% as vaccines are rolled out.
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