British economy crashes nearly 10% in 2020 due to Covid pandemic ...News

The UK economy suffered the biggest contraction on record, in 2020, experiencing an unprecedented slump in economic and business activity after a series of lockdowns imposed to contain the coronavirus pandemic. The country’s GDP shrank by 9.9 percent last year, according to new data revealed on Friday by its Office for National Statistics (ONS). The annual decline was triggered by a historic recession at the beginning of the year, caused by the Covid-19 pandemic outbreak in February and March. The data shows that GDP began to rebound in the third quarter, but remained 7.8 percent smaller than it had been at the end of 2019.

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