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

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.



















Record fall in eurozone PMIs



















French and German economies slump

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UK to borrow £225bn to cover Covid-19 spending










Introduction: PMIs to show Covid-19 recession

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