UK facing Depression-style hit as firms slump in March
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LONDON (Reuters) - Britain's economy looks set for a slump that in the short term could be deeper than during the depression of the 1930s, as a survey showed the coronavirus crisis caused a record downturn among services and manufacturing firms in March.The composite Purchasing Managers' Index covering the two sectors fell to 36.0 from 53.0 in February and was weaker than a preliminary 'flash' reading of 37.1, data firm IHS Markit and the Chartered Institute of Procurement and Supply said.The..