UK economy shrinks by 2% as Covid-19 slump begins – business live

Posted by on May 13, 2020 2:59 am
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Categories: Global Stories

UK GDP has suffered its biggest quarterly fall since 2008, as the coronavirus lockdown hits the economy

7.59am BST

The UK economy wasn’t doing particularly well before the Covid-19 lockdown struck.

GDP did rise by 0.1% in January (when there was talk of a post-election ‘Boris Bounce’), but the economy then contracted by 0.2% in February – as the coronavirus pandemic began to hurt the global economy.

7.47am BST

March was particularly awful for these sectors of the UK economy:

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