The News Scroll 12 June 2020  Last Updated at 12:23 pm | Source: PTI

UK economy shrinks 20.4% during April lockdown

UK economy shrinks 20.4% during April lockdown
outlookindia.com
1970-01-01T05:30:00+0530
London, Jun 12 (AP) Official figures show that the British economy shrank by a colossal 20.4% in April, the first full month that the country was in its coronavirus lockdown.

The Office for National Statistics said Friday that all areas of the economy were hit, in particular pubs, education, health and car sales.

Jonathan Athow, deputy national statistician for economic statistics, said April''s fall is “the biggest the U.K. has ever seen,” and “almost 10 times larger than the steepest pre-COVID-19 fall.” April''s decline follows a 5.8% contraction in March.

In April, the economy was about a quarter smaller than it was in February.

The UK was put into lockdown on March 23 and restrictions are slowly being eased. On Monday, nonessential shops, such as department stores and electronic retailers, are due to reopen. (AP) AMS AMS


Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI
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