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UK economy to slump 9.8pc this year on virus: IMF

  • A contraction in gross domestic product of 9.8 percent would however be an improvement on the previous IMF forecast of 10.2 percent, the Fund added.
Published October 13, 2020 Updated October 13, 2020 06:19pm
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By AFP
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LONDON: The International Monetary Fund on Tuesday forecast that the recession-wracked British economy will shrink by almost ten percent this year on the coronavirus fallout.

A contraction in gross domestic product of 9.8 percent would however be an improvement on the previous IMF forecast of 10.2 percent, the Fund added.

IMF

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