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May 7, 2020

Britain’s sharpest downturn since 1706

The Bank of England warns of a deep recession, though a quick recovery in 2021. Panic after gas leaks from a chemical plant in India. New Zealand’s winter tourism market suffers from a ban on most foreign visitors.

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The U.K. economy is on course to shrink 14% this year.
The U.K. economy is on course to shrink 14% this year.
Richard Baker / Getty Images

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