Britain’s economy set for biggest blow from Covid-19, warns OECD

[Good old]

It's an horrendous outlook, not just for us but for the EU, as well. In our case we are about to find out whether rowing  our own boat is actually preferable to getting a little bit of a tow. By the figures for France, Italy, and Spain, It would only be Germany, doing the towing. So still all to play for, regardless of a very much reduced hand. Meanwhile China, prediction 2.6%  must be quietly confident of a bit of progress in influencing world affairs in the near future.

[papasmurf]

Add the impending crash out Brexit to that and the future look very bleak.

[Borg Refinery]

https://www.thelondoneconomic.com/business-economics/britains-economy-set-for-biggest-blow-from-covid-19-warns-oecd/10/06/">https://www.thelondoneconomic.com/busin ... ecd/10/06/">https://www.thelondoneconomic.com/business-economics/britains-economy-set-for-biggest-blow-from-covid-19-warns-oecd/10/06/

The UK economy is set to be the hardest hit among the world's developed countries due to the coronavirus pandemic, a major international organisation has warned.



The Organisation for Economic Co-operation and Development (OECD) said Britain's economy was likely to slump by 11.5% in 2020 – but could contract by 14% if there is a second wave of Covid-19 later this year.



Its latest global economic outlook shows the UK's plunge in gross domestic product (GDP) outstripping even that of other badly impacted European countries, in a "single-hit scenario", with falls of 11.4% expected in France, 11.1% in Spain, 11.3% in Italy and 6.6% in Germany.

And the hard brexit double whammy afterwards.



I hope I am 100% wrong, but we may well end up around Croatia in the league tables the way things are going.