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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.
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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.