Britain's economy contracted by a record 20.4 percent in the second quarter with the country in lockdown over the coronavirus pandemic.
Britain's economy is beginning to rebound, however, as the government eases its lockdown restrictions.LONDON - Britain's economy contracted by a record 20.4 percent in the second quarter with the country in lockdown over the coronavirus pandemic, official data showed.
Britain officially entered recession in the second quarter after gross domestic product contracted by 2.2 percent in the first three months of the year.The technical definition of a recession is two quarterly contractions in a row.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Teacher shortages looming for schools as 20 000 claim comorbiditiesThe department of education is in a race against time to temporarily replace about 20,000 teachers who won't be able to return to class due to comorbidities. IsaacPat YoliswaSobuwa
Read more »
UK economy shrinks by record 20.4% in second quarterOver the first six months of 2020, British GDP fell by 22.1%, slightly less than Spain’s 22.7% but more than double the 10.6% fall in the US
Read more »
UK destined to employ iron fist in a velvet glove with companiesPolicy makers need to have the means to help the newly unemployed, given the expected scale of joblessness
Read more »
UK sheds further 114 000 jobs in July - official data | News24The number of workers on UK company payrolls slumped by a further 114 000 in July from June on fallout from the coronavirus pandemic, official data showed on Tuesday.
Read more »
UK job market suffers massive loss due to Covid-19 pandemic job cutsAt least 220 000 were left without jobs in the United Kingdom after the country was put into lockdown as a result of the coronavirus pandemic, official figures showed Tuesday.
Read more »
Why Boris Johnson is so eager to reopen UK schoolsGetting children back to school seen as only way of getting their parents back to work
Read more »