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UK economy faces another recession on virus curbs

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London

Britain’s private sector activity shrank in January due to another coronavirus lockdown and the Brexit fallout, survey data showed Friday, placing the economy on course for a double-dip recession. The composite purchasing managers’ index sank to an eight-month low at 40.6 points, compilers IHS Markit and the Chartered Institute of Procurement and Supply said in a statement.—APP

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