Bank of England warns of worst recession in centuries

London (AFP) – Britain’s economy has been ravaged by the deadly novel coronavirus, which now threatens potentially the worst recession in several centuries, the Bank of England warned on Thursday.Policymaker Gertjan Vlieghe, who sits on the central bank’s interest rate setting committee, issued the gloomy warning as survey data showed UK business activity shrivelled up this month on the back of COVID-19 lockdowns at home and abroad.”Based on the early indicators, and based on the experience in other countries that were hit (by the virus) somewhat earlier than the UK, it seems that we are exper…

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