UK Headed for a Deep Recession

So here’s the lowdown, this recession is not priced in. Today the FTSE rose by 5%, which is outrageous considering BOJO just declared a full shutdown of the UK. This is not priced in, According to a recent survey of purchasing managers the UK economy will be dealt “a more severe blow than at any time since comparable figures were first available over 20 years ago”.

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\”IHS Markit: Flash UK PMI drops to record low of 37.1 in March, as the COVID-19 pandemic dealt a more severe blow to the UK economy than during the financial crisis, even before more stringent measures for shops, pubs and restaurants announced last Friday.\”


h/t livesinadurian