Business community being killed off during Covid-19 pandemic, says Steve Aiken

Michael McHugh, PA

?Northern Ireland's business community is being "killed off" by the lack of leadership during the pandemic, the UUP leader has said.

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Eurozone economy shrank by record 12.1% in second quarter

John Leicester and David McHugh, Associated Press 31 Jul, 2020

The economy of the 19-country eurozone shrank by a record 12.1% during the second quarter as coronavirus lockdowns froze business and consumer activity.

German economy shrank by record 10.1% in second quarter

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Germany's economy took a massive hit during the pandemic shutdowns.

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Ryan McAleer 15 Jul, 2020

THE contraction of the north’s economy due to Covid-19 could be more severe than previously forecast, with house prices sinking and the unemployment rate soaring.

ONS: UK economy shrank by 19 per cent during in first three months of lockdown

Ryan McAleer and Holly Williams, PA 14 Jul, 2020

UK gross domestic product (GDP) fell by 19.1 per cent in the three months to May, before increasing by 1.8 per cent in the month of May, according to official data

North's manufacturing sector returned to growth last month

Ryan McAleer 13 Jul, 2020

The north’s manufacturing sector returned to growth during June, but virtually every other area of the private sector remained firmly in the red as lockdown restrictions were eased.

Coronavirus: Danske Bank now expects Northern Ireland economy to contract by 11 per cent this year

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DANSKE Bank now expects the Northern Ireland economy to contract by around 11 per cent this year due to the impact of coronavirus.

Consumer credit borrowing shrinks to weakest annual rate in 26 years

Vicky Shaw, PA Personal Finance Correspondent 29 Jun, 2020

Households' consumer credit borrowing shrunk by 3% annually in May, marking the weakest growth since records started in 1994, according to Bank of England figures

Manufacturers lead the way as battered private sector shows signs of recovery

August Graham, PA 24 Jun, 2020

THE UK's pummelled private sector has started to see some green shoots this month, as the manufacturing sector started to show some slim growth again.

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