Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Join the forum, it's quick and easy

Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Corona deals the most severe blow to the British economy in 12 years

    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 269106
    Join date : 2012-12-21

    Corona deals the most severe blow to the British economy in 12 years Empty Corona deals the most severe blow to the British economy in 12 years

    Post by Rocky Wed 25 Mar 2020, 2:56 am


    Corona deals the most severe blow to the British economy in 12 years

    09:08 - 25/03/2020



    Corona deals the most severe blow to the British economy in 12 years %D8%A8%D8%B1%D9%8A%D8%B7%D8%A7%D9%86%D9%8A%D8%A712
    The information / Baghdad ..
    A survey conducted yesterday, Tuesday, concluded that Britain's economy is contracting at a record pace, faster than during the financial crisis in 2008 and 2009, as companies around the services sector are closing the doors to confront the Corona virus.
    The monthly PMI index, which was conducted last week before the government ordered late Friday to close all bars, restaurants and other unnecessary activities open to the public, indicates the economy has contracted at a quarterly pace between 1.5 percent and two percent.
    "The downturn is likely to be a drop in a sea, and it will be minimal compared to what we will be seeing in the second quarter of the year," said Chris Williamson, chief economist of IHS Market, which is preparing the survey.
    The British economy was in the worst recession of 2008 and 2009, shrinking 2.1 percent in one quarter.
    Economists expect Morgan Stanley that British economic output will shrink about ten percent or more in the three months to June, and just under five percent in the whole of 2020 if social restrictions can be eased in the second half of the year.
    The Composite PMI fell first - which includes about 85 percent of the firms included in the full survey - to 37.1 in March from 53 in February, the lowest level since the survey began in January 1998, and below all economists' expectations in a Reuters poll. Ended / 25



      Current date/time is Sun 28 Apr 2024, 9:47 am