UK risks double-dip recession amid second Covid lockdown
by Larry Elliott Economics editor from on (#5AQWW)
Economy shrinks as service sector suffers steepest fall in activity since May
Britain's businesses are banking on vaccines to deliver them from a double-dip Covid-19 recession, according to the first snapshot of the painful economic impact of England's four-week lockdown.
Encouraging news from Pfizer, Moderna and AstraZeneca came too late to prevent the tough new restrictions imposed in early November from taking their toll on large chunks of service sector output, according to a survey of the services and manufacturing sectors.
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