Worst UK slump in ‘centuries’ looms as lockdown slams business

Worst UK slump in ‘centuries’ looms as lockdown slams business

The UK economy should recover its pre-coronavirus growth pattern once the pandemic is over, but it could take time, a British central bank official said.. Interest-rate setter Jan Vlieghe said on Thursday the economy should recover its pre-coronavirus growth pattern once the pandemic is over, but it could take time.. It fell to record low of 12.9 from 36.0 in March - not even close to the weakest forecast in a Reuters poll of economists, a reading of 31.4.. A Reuters poll of economists pointed to a roughly 13 percent contraction in the current quarter, the largest since records began after World War Two.. Data company IHS Markit said its figures raised questions about the cost of the lockdown and how long it will last.. Emirates to operate repatriation flights in selected destinations /node/1663756/business-economy. "Only citizens of the destination countries, and those who meet the entry requirements of the destination will be allowed to board..