IHS Markit warns of recession on scale 'not seen in modern history' as business activity slumps

Flash UK Composite Output Index falls to record low of 37.1

clock • 2 min read

The coronavirus outbreak has dealt a "severe blow" to the UK economy, according to the latest IHS Markit/CIPS Flash UK Composite PMI, which showed there had been a record slump in business activity as emergency measures to halt the spread of the virus kicked in.

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