The severe economic toll of the coronavirus crisis in the U.K. is starting to emerge as closure of shops, restaurants, hotels and schools—ordered to save lives in the midst of the pandemic—has pushed the economy into its first recession in 11 years with output shrinking a record 20% in the second quarter.NurPhoto via Getty ImagesThe U.K. is now in a technical recession—its first since during the 2009 financial crisis—following two consecutive quarters of GDP decline, the U.K.
As well as retail, hospitality and schools, household spending dropped, while services, responsible for 80% of the U.K.’s economic output, saw its biggest quarterly drop ever recorded.
Have u ben cryro feeze
Strange!! They thought all the problems was Europe!! Big error they will regret it for long
We're in the middle of it too, Duh!
20.4% GDP contraction as well as the most deaths from COVID-19 in the whole of Europe. recession coronavirus How will the UK bounce back?
Don't worry in Argentina we've been in recession for the last 30 years.
Good
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