Covid -19 impact: UK economy may shrink by 13% in 2020, the most in 300 yrs

In the April-June period alone, economic output could plunge by 35%, with the unemployment rate more than doubling to 10%, the Office for Budget Responsibility (OBR) said

Britain's economy could shrink by 13% this year due to the government's coronavirus (Covid-19) shutdown, its deepest recession in three centuries, and public borrowing is set to surge to a post-World War Two high, the country's budget forecasters said.

In the April-June period alone, economic output could plunge by 35%, with the unemployment rate more than doubling to 10%, the Office for Budget Responsibility said on Tuesday. A bounce-back may come later in the year if restrictions on public life to slow the spread of the coronavirus are lifted.

The OBR stressed it was not making an official projection, given the lack