UK economy faces another recession on virus curbs

339

 

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

Previous articleAirline launches new employee exit deals with pay
Next articleIRSA releases 31,500 cusecs water