UK economy to shrink by 8% in 2020, forecasters say

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UK economy to shrink by 8% in 2020, forecasters say
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EY Item Club further downgrades UK economic prospects with full recovery unlikely until 2023

The British economy will shrink by 8% this year and is unlikely to recover from the damage wrought by the coronavirus crisis until 2023, according to a leading economic forecaster.

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