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Ladybbird · 14-08-20, 12:24

UK Crashes into Recession With Record 20pc Quarterly Slump

'Hard Times are Here' Says Chancellor Rishi Sunak

UK GDP fell by 20.4pc in the second quarter
Economy shrank to 2003 levels at height of lockdown
Output picked up slightly in June
First technical recession since 2009

The Telegraph UK, 14 AUG 2020.

The UK has crashed into a its deepest-ever recession after Covid-19 prompted the worst quarterly fall in output since records began.

Britain’s economy contracted by 20.4pc during the second quarter – between April and June – leaving it as the world’s worst-hit major economy. Only Spain’s economy contracted more over the first half of 2020.

A Record Hit

Output continued to recover during June, rising 8.7pc, but wasn’t enough to counteract a plunge that, at its nadir, put GDP back at levels last seen in 2003.

The period encompassed the biggest chunk of the UK’s lockdown, with many restrictions remaining in place throughout.

14-08-20, 12:24	#1
Ladybbird Join Date: Feb 2011 Posts: 50,401 Thanks: 28,759 Thanked 14,428 Times in 10,234 Posts Awards Showcase Total Awards: 8	Britain Plunges Into RECORD Recession-World's Worst-Hit Major Economy UK Crashes into Recession With Record 20pc Quarterly Slump 'Hard Times are Here' Says Chancellor Rishi Sunak UK GDP fell by 20.4pc in the second quarter Economy shrank to 2003 levels at height of lockdown Output picked up slightly in June First technical recession since 2009 The Telegraph UK, 14 AUG 2020. The UK has crashed into a its deepest-ever recession after Covid-19 prompted the worst quarterly fall in output since records began. Britain’s economy contracted by 20.4pc during the second quarter – between April and June – leaving it as the world’s worst-hit major economy. Only Spain’s economy contracted more over the first half of 2020. A Record Hit Output continued to recover during June, rising 8.7pc, but wasn’t enough to counteract a plunge that, at its nadir, put GDP back at levels last seen in 2003. The period encompassed the biggest chunk of the UK’s lockdown, with many restrictions remaining in place throughout. __________________ *6000 PLUS* Cases-He's LOST ALL Heard So Far: TRUMPs Onslaught of Lawyers are 'Hitting a Wall' -Judges & Cases Lining Up Against TRUMP France To Ask For Statue of Liberty Back -No Longer Fits 'Freedom' Under TRUMP.. AND Starmers REVOLTING Betrayal of Britain Will NEVER Be Forgiven TRUMPs' REVENGE -Clear & Present Danger -People Who Worship at The Altar of Trump Will KNEEL, NOT STAND Up to Him PLEASE Click DONATE & Thanks to ALL Members of ...** 1..

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