Market Overview 2020

UK The UK economy shrank by a record 20.4% in April as a consequence of the measures taken to control the coronavirus outbreak. This has essentially wiped out 20 years of economic growth in a single month. The UK economy is predicted to be hit hardest in the Western world due to its heavy reliance on services, which have been hit hard by lockdown measures. The UK has been easing its lockdown over the past month and will fully exit on July 4th, with all shops and businesses allowed to operate again, albeit with continued social distancing measures The Bank of England though decided to cut the pace of its bond purchases, a clear sign that it feels its response has been working so far and an en

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