UK Economy Shrinks On COVID-19

  • Weekly Giveaway for our active users. N50,000 per Week. Do you want to contribute to this community? We are looking for contribution? What is hot right now? Sign up and get in on the ground floor of the newest, fastest growing Nigerian forum!

Melvin

Active Member
Apr 24, 2020
548
94
28
cwry.se
WEBSITE
https://cwry.se/@melvinyoungharry
YAHOO
Obelem53@yahoo.com

Britain’s economy shrank two percent in the first three months of the year, rocked by the fallout from the coronavirus pandemic, official data showed Wednesday, with analysts predicting even worse to come.


Gross domestic product shrank in the first quarter compared with the prior three months in the largest slump since the global financial crisis in the fourth quarter of 2008, the Office for National Statistics revealed.

Economic output dived by a record 5.8 percent in March from the previous month, the ONS noted in especially grim news which sent the London stock market down more than one percent in early deals.