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eaglenews - 1 month ago

UK in record recession after economy shrinks by fifth

by Jean-Baptiste OUBRIER LONDON, United Kingdom (AFP) Britain s economy shrank by a fifth in the second quarter, higher than any European neighbour, as the coronavirus pandemic slammed businesses and plunged the country into a record recession. It is clear that the UK is in the largest recession on record, the Office for National Statistics said after gross domestic product (GDP) contracted by 20.4 percent in April-June. Britain s recession its first since 2009 amid [ ]


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