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UK economy shrinks 2% due to coronavirus crisis in worst fall since 2008

Jonathan Athow Britain pandemic economy crisis
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www.mirror.co.uk
mirror.co.uk:

The UK economy shrank by 2% in the first quarter of 2020 as the coronavirus crisis saw activity contract at a record pace in March, official figures have shown.

The Office for National Statistics (ONS) said activity plunged 5.8% in March, sending first-quarter gross domestic product (GDP) tumbling in the biggest fall since the end of 2008 at the height of the financial crisis.

The latest figures show the first direct effect of the Covid-19 pandemic on the UK economy after the country was placed in lockdown to control the spread of the virus.

But with the lockdown only coming into place on March 23, the second quarter will show the full hit on the economy after the UK ground to a standstill.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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