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  • Wales in recession for first time in 11 years

    Wales in recession for first time in 11 years0

    Image copyright Getty Images Image caption The UK economy shrank by more than a fifth between April and June Wales is officially in recession for first time in 11 years due to the impact of the coronavirus pandemic. The lockdown saw household spending plunge as shops were ordered to close, while factory and construction output

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  • China shares suffer biggest fall since February despite avoiding recession – business live | Business0

    Paid employment in Britain has plunged by almost 650,000 employees since the onset of the coronavirus pandemic in March, official figures show, as growing numbers of companies cut jobs. According to the Office for National Statistics, the number of payroll employees fell by 2.2%, or 649,000, from March to June. However, it said the rate

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  • Bank of England warns of deepest recession on record

    Bank of England warns of deepest recession on record0

    Image copyright Getty Images Image caption A man walks past the Bank of England in London The Bank of England has warned that the coronavirus pandemic will push the UK economy towards its deepest recession on record. It said the economy was on course to shrink 14% this year, based on the lockdown being relaxed

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  • UK government borrowing to surge as Covid-19 recession hits – business live | Business0

    4.15am EDT 04:15 Chris Williamson, chief business economist at IHS Markit, predicts that the eurozone economy could shrink by 7.5% this quarter – judging by today’s dire survey of purchasing managers. “April saw unprecedented damage to the eurozone economy amid virus lockdown measures coupled with slumping global demand and shortages of both staff and inputs.

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  • What happens to startups in a recession and how to survive | Startups

    What happens to startups in a recession and how to survive | Startups0

    After the dotcom bubble burst at the turn of the millennium, many startups disappeared overnight. For this, there are number of reasons: For the really early stage companies, seed money dried up. Some companies had crazy valuations despite having no turnover, let alone profit. “Raise, raise, raise” was considered a viable business plan.  Companies with

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  • How Entrepreneurs Can Survive the Next Recession

    How Entrepreneurs Can Survive the Next Recession0

    With speculation about another crash running rampant, it can’t hurt to be prepared. September 17, 2019 4 min read Opinions expressed by Entrepreneur contributors are their own. There has been increasing talk of a burgeoning recession, whether because of a historically rare decade-long economic expansion or recent reports of an inverted yield curve, which is traditionally an indication of

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