The Covid crisis has already been devastating for the UK economy, which has seen its biggest slump in decades.
The onset of the pandemic saw Gross Domestic Product (GDP) fall by more than 25 percent between January 2020 and April 2020.
Ms Geesin said: “Although the economy has bounced back a little bit since then, economists are estimating that the overall decline will be the worst the UK has seen in over 100 years.”
Pretty much all areas of the economy have been hit, with hospitality, retail, travel and tourism and aviation bearing the brunt of the mass closures across the country – and the world.
more recommended stories
India GDP forecast: Care Ratings revises India’s GDP growth forecast to 10.2% for FY22
Care had earlier projected GDP growth.
Mortgage prisoners: Boris Johnson condemned as MPs are ‘ignoring’ homeowning constituents | Personal Finance | Finance
Mortgage prisoners are defined as those.
Lockdowns not a solution, will hit economy, force workers to leave: Maruti
NEW DELHI: Maruti chairman R C.
Covid: Second wave’s peak may be reached in mid-May, says CEA Subramanian
NEW DELHI: Amid surging coronavirus cases.