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The UK faces a ‘recession to end all recessions’ with GDP plunging nearly a third this quarter, experts said today – amid warnings the misery will go on as long as social distancing remains in place. The respected IFS think-tank said the scale of the nose-dive due to coronavirus lockdown will be like nothing seen … Read more
Bank of England warns coronavirus crisis will see GDP slump nearly 30 PER CENT in the first half of this year and push the economy to worst recession for 300 YEARS By James Tapsfield, Political Editor For Mailonline Published: 07:33 BST, 7 May 2020 | Updated: 07:44 BST, 7 May 2020 UK GDP will slump … Read more
The German economy will suffer the biggest slump in its history this year over the coronavirus crisis, the government warned today, pushing Europe’s top economy into a painful recession. German gross domestic product (GDP) is expected to shrink by a record 6.3 per cent as demand for exports plummets and lockdown restrictions weigh on domestic … Read more
The UK economy could shrink by 6.5 per cent this year as coronavirus dooms the world to its worst depression in 90 years, the International Monetary Fund warned today. British GDP will plummet by more than the US, which is expected to turn in a dire drop of 5.9 per cent. However, the fund predicts … Read more
Goldman Sachs has issued a grim forecast, predicting that U.S. gross domestic product will plummet by 24 percent in the second quarter of this year, by far the largest drop since detailed records have been kept. The investment banking giant issued its revised forecast in a note on Friday, dramatically slashing its economic forecast as … Read more
World GDP would be cut by £850bn if coronavirus outbreak becomes a pandemic, experts warn By Matt Oliver For The Daily Mail Published: 21:50 GMT, 19 February 2020 | Updated: 21:50 GMT, 19 February 2020 The world economy faces an £850billion hit if the deadly coronavirus becomes a full-blown pandemic, experts have warned. At the … Read more