The likely global recession triggered by the novel coronavirus is part of a much older tradition
over just a few months, that is a truly historic slump. It is useful to place it in some perspective.“bounces back” fairly robustly afterward the lockdown and growth returns – far from guaranteed – it would leave the British economy in 2020 overall about 13 per cent smaller than it was in 2019. That would still be the biggest annual fall in economic activity in centuries – since 1709 in fact.
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