UK economy likely to suffer worst Covid-19 damage, says OECD

Forecast slump in GDP of 11.5% will exceed falls by France, Italy, Spain and Germany

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Britain’s economy is likely to suffer the worst damage from the Covid-19 crisis of any country in the developed world, according to a report by the Organisation for Economic Cooperation and Development.

A slump in the UK’s national income of 11.5% during 2020 will outstrip the falls in France, Italy, Spain and Germany, the Paris-based thinktank said.

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