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Britain’s economy Business coronavirus lockdown UK economy

UK economy shrinks by record 20.4% in April

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LONDON: Britain’s economic system shrank by a file 20.4% in April from March because the nation spent the month in a decent coronavirus lockdown, official information confirmed on Friday.

In the three months to April, gross home product contracted by 10.4% from the earlier three-month-period, the Office for National Statistics additionally mentioned.

A Reuters ballot of economists had produced median forecasts for a month-to-month fall of 18.4% and a contraction 10.0% within the February-April interval.


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