BofE - UK - worst recession in 300 years

'The Bank of England has forecast that the coronavirus crisis will push the UK economy into its deepest recession in 300 years, with output plunging almost 30 per cent in the first half of the year, but it decided not to launch a new stimulus."

  • .... output would slip 3 per cent in the first quarter followed by a further 25 per cent fall in the second. This would mean an almost 30 per cent drop overall in the first half of 2020, the fastest and deepest recession since the “great frost” in 1709. '

https://www.ft.com/content/734e604b-93d9-43a6-a6ec-19e8b22dad3c

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