© 2020 – 2022 AEA3 WEB | AEAƎ United Kingdom News
Image default
News

Covid-19: UK economy plunges into deepest recession since records began

GDP falls 20.4% – the worst of any G7 nation in the three months to June

  • UK falls into recession – live business update
  • Analysis: a full recovery from the Covid slump will be slow
  • How does UK’s Covid recession compare with previous ones?

Britain has entered the deepest recession since records began as official figures on Wednesday showed the economy shrank by more than any other major nation during the coronavirus outbreak in the three months to June.

The Office for National Statistics (ONS) said gross domestic product (GDP), the broadest measure of economic prosperity, fell in the second quarter by 20.4% compared with the previous three months – the biggest quarterly decline since comparable records began in 1955.

Continue reading…

Related posts

Tony Abbott raises fears China ‘could lash out disastrously’ as Taiwan tensions grow

AEA3

Russia accuses Israel of backing ‘neo-Nazis’ in Kyiv as diplomatic row grows

AEA3

Labour proposes new offences for violence against women and girls

AEA3

Your ads here. Click here