Tag: among

Coronavirus: UK worst hit among major economies

Image copyright Getty Images The UK was the hardest hit by Covid-19 among major economies from April to June, the Organisation for Economic Co-operation and Development has said. Its economy suffered its biggest slump on record over the three-month period as coronavirus lockdown measures pushed the country officially into recession. Its 20.4% contraction was well above the 9.8% drop for… Read more →

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Signs of optimism among Scottish small businesses

Image copyright Getty Images Image caption Small businesses have been able to reopen after being closed due to the coronavirus pandemic Scotland’s small business community has regained some confidence following a “complete collapse” in optimism earlier this year, according to new research. The Federation of Small Businesses (FSB) said its survey showed an improvement in this year’s second quarter (Q2)… Read more →

Coronavirus: UK economy could be worst hit among leading nations, says OECD

Image copyright Getty Images The UK is likely to be the hardest-hit by Covid-19 among major economies, a leading agency has warned. Britain’s economy is likely to slump by 11.5% in 2020, outstripping falls in other developed economics of Germany, France, Spain and Italy, it said. If there were a second peak in the pandemic, the UK economy could contract… Read more →