Tag: memory

Coronavirus in Scotland: ‘Deepest recession in living memory’ warn experts

Image copyright PA Media Economic forecasters believe it will be at least 18 months before Scotland makes up the output lost due to the Covid-19 pandemic. The Fraser of Allander Institute said the country was now in its deepest recession in living memory. A report from the think tank said in the most optimistic scenario, it will be the end… Read more →

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Coronavirus: UK economy ‘set for deepest downturn in memory’

Image copyright Getty Images The UK’s economy is on track for its deepest downturn “in living memory”, according to a closely watched survey, as businesses suffer from the lockdown. The survey from IHS Markit/CIPS found the UK’s dominant services sector contracted at a record pace last month. Around 79% of services, such as cafes and hairdressers, reported a fall in… Read more →