Caterpillar earnings shine light on economic havoc wreaked by coronavirus

) on Tuesday reported a 46% annual drop in first-quarter earnings, with sales falling across all regions and all of its primary business segments, highlighting the economic devastation caused by the coronavirus pandemic.

The Deerfield, Illinois-based company, considered a bellwether for economic activity, warned the impact of the virus on its business would be far worse in the second quarter. The International Monetary Fund this month predicted the “Great Lockdown” would result in the worst global recession since the Great Depression of the 1930s.

Proper planned Housing which prevent soil erosion.. That causes building collapse .. May be. Cause Nature Damage..

They were in trouble before the sh!t hit the fan.

temporary

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