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In the News

UK economy set to be hit hardest of leading economies

Graham Watson

11th June 2020

The OECD is forecasting that the depth of the UK recession is going to be the largest in the developed world, with real GDP set to shrink by 11.5% this year, and possibly as much as 14% if there's a second wave of the virus.

Equally alarmingly, it's prediction that the global economy is going to shrink by 7.6% is larger than the slump predicted by other international financial organisations, such as the IMF and World Bank.

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.

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