UK economy shrinks on coronavirus | The Malaysian Insight

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UK economy shrinks on coronavirus | The Malaysian Insight
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UK economy shrinks on coronavirus

Britain’s economy shrank 2% in the first three months of the year, rocked by the coronavirus pandemic that has caused a widespread disruption to economic activity. – EPA pic, May 13, 2020.

BRITAIN’S economy shrank 2% in the first three months of the year, rocked by the fallout from the coronavirus pandemic, official data showed today, with analysts predicting even worse to come. Gross domestic product shrank in the first quarter compared with the prior three months in the largest slump since the global financial crisis in the fourth quarter of 2008, the Office for National Statistics revealed.

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