UK GDP collapsed almost 20% in second quarter in historic Covid hit

2020/09 30 21:09

Britain suffered a document collapse in financial output within the second quarter of 2020 when Covid-19 lockdown measures have been in pressure and other people had few alternatives to spend, although the decline was barely smaller than first estimated.

shrank by 19.eight per cent within the three months to June in contrast with the primary quarter, barely lower than the preliminary 20.four per cent estimate however nonetheless greater than another main superior financial system, the Workplace for Nationwide Statistics mentioned.

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First Revealed: Thu, October 01 2020. 01:49 IST

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