The retailer next has warned that sales could drop by 40% on Barclays Bank's reported a substantial drop in profits and said that the cost of people defaulting on loans could be more than £2 billion.

Our economics editor, Faisal Islam, has this assessment.

It is a corporate results season like no other grim forecasts for the economy coming to life in the accounts of our biggest companies, such as retailing Next, where store sales plunged 52% over the past three months and the company acknowledged it will be some time before shopping returns to normal.

And Barclays, one of the U.

K's largest banks, announcing a 38% fall in profits and walling the pandemic could cost them over £2 billion in bad loans.

It's boss questioning whether after the Corona virus, putting thousands of people in office block headquarters would be a thing of the past that's minutes into cool yelling age.

Despite government subsidies, Lubna and hundreds of other Debenhams workers lost their jobs via conference call when the already struggling retailer went into administration and had to close some stores.

They don't know what's gonna happen, and it's very unlikely that about people be able to nearly place or drugs, given the current.

But second sounds for me, Um, I don't know.

It was like for me from someone.

My exams have been canceled this year, so I'm unsure about going into union.

It'll so it just seemed like people move on use for me because I was thinking in my head, Okay, at least I'll have a job.

There certainly is the same anger amongst many British Airways employees after they announced the dramatic decision to cut 12,000 jobs.

Judging that the crisis would change this industry forever, We think that there are alternative solutions and we think the alternative solutions remain on the table so we can understand why be a started the clock ticking on a consultation for a situation that actually if we get around the table and have a discussion, could be avoided.

Early hopes that the crisis would be a very sharp blip are starting to fade, particularly in the most affected industries.

Empty plains and empty runways mean empty passenger terminals, empty shops and restaurants, empty car parks and for sectors such as travel companies are now planning on the basis of a pandemic crisis lasting longer than two or three months.

No instant bounce back in the economy.

Tough decisions having to be made.

Right now, the government is pouring money into the economy to provide a bridge.

But some leading companies on the high streets and in the skies already judging with the other side of this crisis, will be a very different place indeed.

Faisal Islam BBC News.

The world's biggest economy, the USA has recorded its worst growth figures in a decade.

During the first quarter of this year, gross domestic product that's the value of all goods and services produced fell by 4.8%.

Now, as a comparison in the fourth quarter of last year before the pandemic GDP increased by 2.1% are North America.

Correspondent Nick Bryant is in New York with the latest for us.

These figures You show what we've already seen with our own eyes, which is the American economy has come to a shuddering halt on Worse is still to come.

Some economists believe that the next quarter could see a contraction of 30% the kind of convulsion that we haven't seen since the 19 thirties.

Now the Federal Reserve said tonight that it would keep its benchmark interest rates at near zero until the U.

S economy recovers on.

Governors across America are going to come under heightened pressure to gradually open up the economies.

But in cities like New York, that's a risky thing to do.

New York is a city caught between dread and desire, desperate to open up after six weeks in lock down but fearful of the fatal consequences of doing so too soon.

A New York without New Yorkers has hammered the economy.

Its tourism and hospitality sectors have also been decimated.

Wall Street, America's financial hub, feels the onset of another Great Depression.

But even though the city has passed the peak of its outbreak, the density of its population makes it especially hazardous to quickly open up that cove it conundrum.

It's I can't even wrap my head around.

It's incredible.

Steve Martorell around the road building firm in Staten Island, which he fears will be bankrupt by June.

He's a Trump supporter who believes the Democrats who run New York Being too cautious If I'm not working in this economy is not opened up, and these fearmongers don't back off where they got everybody scared to death, we'll go out of business, Steve.

It's a vicious far stuff.

Had it myself.

You accept that, and I'm sorry to hear that the reality of it is people are going to continue to get sick.

I don't think they're going to continue to get sick in any alarming rate.

We're seeing more beggars on New York streets.

This is Harlem, a many African American community severely hit by this health and economic contagion.

And this is upscale SoHo, the home of high end retail boarded up like a hurricane, is about to rip through which, economically, it has every single shutdown day.

Public health officials such as Danielle Import, who live in these communities worn against the rush to reopen people are hurting financially.

They're struggling to feed their families.

But we really need to take the slow, because I would hate for us to have to shut down the economy again if we get more cases.

This is one of the most impatient cities in the world.

They talk about the New York minute.

It means right now, immediately without hesitation.

But although some parts of this state could start the gradual process of re opening in mid May here in New York City, the tough restrictions will remain in place certainly for weeks, maybe for many months.

Every night at nine o'clock, the Empire State Building is illuminated in a red and white siren light toe.

Honor the emergency workers providing care.

It's a ritual that will continue until this crisis is over.

But that's the unanswerable question.

When will New York returned to being New York?

Nick Bronze, BBC KNEES, New York.