UK economy likely to suffer worst Covid-19 damage, says OECD
by Phillip Inman from on (#54HCF)
Forecast slump in GDP of 11.5% will exceed falls by France, Italy, Spain and Germany
Britain's economy is likely to suffer the worst damage from the Covid-19 crisis of any country in the developed world, according to a report by the Organisation for Economic Cooperation and Development.
A slump in the UK's national income of 11.5% during 2020 will outstrip the falls in France, Italy, Spain, Germany and the US, the Paris-based thinktank said.
The UK government has said that these five tests have to be met before they will consider easing coronavirus lockdown restrictions:
Continue reading...