Global updates:
- UK finance minister says GDP may fall by up to 30%
- Britain’s gross domestic product (GDP) could fall by up to 30 per cent between April and June, Finance Minister Rishi Sunak told his colleagues as members of the cabinet call for easing lockdown restrictions amid the coronavirus outbreak, the Times reported.
- Sunak discussed the possibility of a 25 per cent to 30 per cent fall in GDP in the second quarter, the newspaper reported, adding that ten ministers were pressing for the lockdown to be eased next month. The report did not identify those ministers.
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