Factory and shop closures 'will push UK into deep recession'
by Phillip Inman from Economics | The Guardian on (#512Y8)
KPMG study finds GDP has already stalled as firms shut doors amid coronavirus crisis
Factory and high street store closures after the coronavirus outbreak will push the UK into a deep recession this year, a study of the economy has concluded.
KPMG's latest quarterly economic outlook found the UK's national income (GDP) has already stalled as businesses shut their doors and consumers restrict their spending to food and other essential items.
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