THE GUARDIAN: Increased lockdown measures in Germany, France and China dent prospects for rapid recovery in 2021
The FTSE 100 has recorded its worst week since late October as concerns increased about the economic fallout from tougher lockdown measures around the world.
The index of leading UK company shares ended the week down by 138 points compared with the previous week, a fall of about 2%, at 6,735, after official figures showed the British economy edged closer to a double-dip recession in November. After a strong start to the year, gaining by about 6% since the start of January, the performance was the worst weekly decline for the FTSE 100 since the last week of October as England headed for a second national lockdown.
It also comes as concerns mount over increased lockdown measures in Germany, France and China, with rising coronavirus infections denting the prospects for a rapid economic recovery at the start of 2021. » | Richard Partington, Economics correspondent | Friday, January 15, 2021
