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British Economy Contracts by a Fifth in April

Author: Corey McDowell - Economics Editor

Published: 12 Jun 2020

Last Updated: 15 Jun 2020

Contents

Synopsis

Official figures from the Office of National Statistics (ONS) show that the British economy has shrunk by an eye-watering 20.4%, which is by far the biggest monthly fall since the ONS first began recording figures 23 years ago. This follows from the 5.8% contraction in March.

Credit: Sandy B, geograph.org.uk, CC BY-SA 2.0

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