IMF: UK economy will be hardest hit

(The Guardian): Britain’s economy will be the hardest hit in the developed world in what is expected to be the "deepest recession since the second world war," the International Monetary Fund said today. The IMF now expects the UK economy to shrink by 2.8% this year, compared with the 1.3% it was forecasting in November. This is worse than the 2% average drop in output the organisation has estimated for advanced nations. Go to article