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Britain 2020 pandemic economy Britain

UK economy slumps by record 10% in 2020 after COVID hit

Britain 2020 pandemic economy
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Britain's coronavirus-ravaged economy suffered its biggest crash in output in more than 300 years in 2020 when it slumped by 9.9%, but it avoided heading back towards recession at the end of the year and looks on course for a recovery in 2021.Official figures showed gross domestic product (GDP) grew 1.0% from October through December, the top of a range of economists' forecasts in a Reuters poll.This makes it likely that Britain will escape two straight quarters of contraction - the standard definition of recession in Europe - even though the economy is set to shrink in early 2021 due to the effects of a third COVID lockdown."As and when restrictions are eased, we continue to expect a vigorous rebound in the economy," said Dean Turner, an.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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