CORONAVIRUS could slash economic growth in the UK as tourists stay away and pandemic fears hit a fever pitch.
The outgoing Bank of England governor today warned that Britain needs to prepare for a huge hit to the economy as the killer virus continues to spread across Europe.
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Mark Carney has urged the UK to prepare for a dramatic slowdown in economic growth.
He told Sky News: "There's less tourism – as you can see on our streets here in the UK. That's lower activity.
"We would expect world growth would be lower than it otherwise would be, and that has a knock-on effect on the UK.
"We're not picking that up yet at all in the European and UK economic indicators, but if the world is slower than the UK, a very open economy will have an impact."
The dire warning follows fears the pandemic could trigger a global recession.
Share prices were this morning on track for their worst week since the global financial crisis in 2008 as the virus disrupted international travel and supply chains across the world.
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