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”.

\”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