The worst is over, but recovery for the UK economy will take years
by Larry Elliott Economics editor from on (#53R4G)
Rise of PMI after April historic low due to coronavirus is good news, but economic activity is still falling
Do you want the good news or the bad news?
The good news - both for the UK, the rest of Europe and the US - is that the worst is over. April marked the bottom of the slump triggered by the response to the Covid-19 pandemic. Provided there is no second wave of infection (a pretty hefty qualification, admittedly), last month was as bad as it gets.
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