The UK economy is in its worst recession in 300 years
Corona sanctions cause biggest 300-year decline in British economy may take 2 years to recover says British Foreign Secretary
London (10bmnews Latest News) Britain’s economy has suffered the worst recession in 300 years. According to the details the British economy has been hit hard due to the sanctions imposed by Corona. According to the British Treasury the economy has shrunk by 11.3% this year. According to Finance Minister Rishi Sanak it may take two years for the economy to recover.
By the end of 2022 the economy will be back to normal. Finance Minister Rishi Sank has said that if the country’s economy does not improve soon its long-term effects could last until 2025. It should be noted that the number of coronavirus cases in the UK has exceeded one million. The UK is the fifth largest country in the world in terms of deaths from the virus exceeding 46000.
British Prime Minister Boris Johnson has announced that the lockdown will end in the first week of December saying that the national lockdown will end on December 2. On the other hand Prime Minister Imran Khan has termed the smart lockdown as the reason for stabilizing the country’s economy.
Addressing the World Economic Forum Pakistan Strategy Dialogue PM Imran Khan said that the whole world was affected due to Corona Pakistan’s economy is stable and moving in the right direction the working class was taken care of during Corona.
Implemented lockdown policy preferred smart lockdown over the world controlled corona and saved people from starvation financial and current account deficit were big challenges hotspots were detected smart lockdown was implemented Pakistan’s 80 Percentage of working class is associated with non-traditional sectors
