A Bank of England scenario sees UK GDP falling 14% this year and the out of work rate striking 8% as the coronavirus crisis devastations the economy. The Bank launched its first deal with the possible effect of the lockdown determines to restrict the spread of COVID-19 as its financial policy committee left rates of […]

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The US economy diminished at a yearly rate of 4.8% in the first quarter of the year as coronavirus lockdown steps took their toll. It was the first quarterly decline in GDP for 6 years and the biggest since the financial crisis in 2008, according to official figures. However the number just consists of the […]

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