UK economy crumbles under coronavirus strain; questions mount over lockdown exit

UK economy crumbles under coronavirus strain; questions mount over lockdown exit

"We are experiencing an economic contraction that is faster and deeper than anything we have seen in the past century, or possibly several centuries," Bank of England interest-rate setter Jan Vlieghe said.. Deutsche Bank said the country's limited testing capacity is a problem.. Deutsche Bank said that given the British population was supportive of the lockdown and very concerned by the outbreak, the government might find it hard to simply ease it with a Scandinavian herd-immunity style plan.. Egypt receives medical supplies from China to combat coronavirus. Egypt invites world to virtual tour of the Tomb of Ramses VI. Egypt's tourism sector loses a billion dollars a month due to coronavirus.