Bank of England warns the UK economy could contract by 30% in the first half as coronavirus hammers activity

Bank of England warns the UK economy could contract by 30% in the first half as coronavirus hammers activity

Business Insider

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· The UK economy could shrink by 30% in the first half of the year and suffer its worst recession on record, the Bank of England warned on Thursday.
· But Andrew Bailey, the central bank's governor, predicted the economy will "pull back faster" than it did from the financial crisis. 
· The Bank of England kept interest...

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