Coronavirus smashes UK economy with unprecedented force - PMI
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LONDON (Reuters) - Britain's economy is shrinking at a record pace, faster than during the 2008-09 financial crisis, as businesses across the services sector shut up shop in face of the coronavirus, a survey showed on Tuesday.Conducted last week before the government ordered the closure of all pubs, restaurants and other businesses open to the public late on Friday, the monthly Purchasing Managers' Index points to the economy shrinking at a quarterly rate of 1.5-2.0%."This decline will likely be..