Jonathan Athow Britain covid-19 economy BBC Coronavirus Jonathan Athow Britain

UK's GDP plummets by 20.4% in biggest monthly drop on record

Reading now: 567
www.mirror.co.uk

The UK's GDP plummeted by 20.4% in the first full month of lockdown, the biggest monthly fall on record. It means the economy shrank by more than a fifth as workers were sent home from offices, shops and factories as a result of Covid-19 restrictions.

The Office for National Statistics' (ONS) April figures have been released as the country prepares for its worst recession in 300 years.

The 'unprecedented' fall in GDP is ten times worse than any previous drop, according to the ONS. Labour has called for 'strong action' to help the UK economy bounce back.

Jonathan Athow, deputy national statistician at the organisation, told BBC Radio 4's Today programme: "20% is really unprecedented. "Actually, if you take March and April together the fall

Read more on mirror.co.uk
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA