Home BUSINESS UK economy in recession for first time in more than 11 years

UK economy in recession for first time in more than 11 years

The United Kingdom’s economy shrunk by a record 20.4% in the second quarter of 2020, plunging the country into recession for the first time since 2008.

The 20.4% decline in Q2, which followed a 2.% drop in Q1, is the deepest slump the economy has since s1954, The Guardian reported on Wednesday morning.

 

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