UK economy dropped 2.2% in first three months of 2020
THE UK economy dropped by 2.2 per cent in the first three months of the year in the join largest fall since 1979, the Office for National Statistics has said.
The latest figures show the first direct effects of the coronavirus pandemic but not the full impact of lockdown. Jonathan Athow, deputy national statistician at the ONS, said: "Our more detailed picture of the economy in the first quarter showed GDP shrank a little more than first estimated."Information from Government showed health activities declined more than we previously showed."The sharp fall in consumer spending at the end of March led to a notable increase in households' savings.
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