UK officially in recession for first time in 11 years
Image copyright TOLGA AKMEN
The UK economy suffered its biggest slump on record between April and June as coronavirus lockdown measures pushed the country officially into recession.
The economy shrank 20.4% compared with the first three months of the year.
Household spending plunged as shops were ordered to close, while factory and construction output also fell.
This pushed the UK into its…
Discover more from USNewsRank
Subscribe to get the latest posts sent to your email.