Bank of England predicts worst UK GDP slump since 1706
영란은행 "올해 영국 성장률 -14%"…통계작성 이래 최악 전망
The UK's GDP is forecast to decline by 14-percent in 2020 as a whole.
The Bank of England gave the projection in its "illustrative scenario for the economic outlook"...under the condition that the national lockdown would be partly alleviated from June to September.
The central bank pointed out, there was already a 2-point-9 percent drop in Q1,...and sees the GDP plummeting by an incredible 25-percent in Q2.
Meaning, the U.K. would fall into one of its biggest recessions, with the sharpest annual downturns since 1706.
#Bank #UK #GDP
📣 Arirang News(Facebook) : https://www.facebook.com/arirangtvnews
📣 Arirang News(Twitter) : https://twitter.com/arirangtvnews
📣 News Center(YouTube) : https://www.youtube.com/c/NEWSCENTER_ARIRANGTV
Recent Posts
England schools open: Boris Johnson gives UK Covid-19 update as pupils return to classrooms
Most of Britain's primary schools have reopened their doors this morning, while secondary school students will…
The Export-Import Bank, the United States, and Globalization
Please join us for a discussion on the Export-Import Bank's contribution to the U.S. economy,…
🔵Bank Of England Sends Bail In Paperwork
Bank Of England Sends Bail In Paperwork Neil's Weekly NEWS! ⬇️ NMW 'Approved' Services: ⬇️…
Bank of Canada holds key rate for first time in a year, leaves door open to future hikes
The Bank of Canada is holding its key interest rate steady for the first time…