News of Bahrain
Business12 August 20201 min read

UK economic output collapses by 20.4% in second-quarter

London Britain's economy shrank by a record 20.4% between April and June, when the coronavirus lockdown was tightest, the largest contraction reported by any major economy so far, official figures showed on Wednesday. The data also showed the world's sixth-biggest economy entered

Editorial Team Legacy

Published 12 August 2020, 8:00 · Updated 21:30

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UK economic output collapses by 20.4% in second-quarter

London

Britain’s economy shrank by a record 20.4% between April and June, when the coronavirus lockdown was tightest, the largest contraction reported by any major economy so far, official figures showed on Wednesday. The data also showed the world’s sixth-biggest economy entered a recession as it shrank for a second quarter in a row.

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