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  • D. Brit
    • Aug 12, 2020
    • 1 min read

UK in a recession for the first time in 11 years


What Happened:

  • The UK economy suffered its largest drop on record this year because of the Coronavirus pandemic. It is currently in the deepest recession of all major economies.

  • Between April and June, the economy shrank 20.4% compared to the first quarter of the year.

  • This is the first technical recession the UK has been in since 2009.

  • According to the Office for National Statistics, there was a rebound of 8.7% in June which gives some hope of a recovery.




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