UK economy slumps 20% in Q2, unemployment fears mount


LONDON: Britain's economy shrank by a record 20.4% between April and June when the coronavirus lockdown was tightest, the largest contraction reported by any major economy so far, with a wave of job losses set to hit later in 2020.

Official figures published on Wednesday also showed the world's sixth-biggest economy entered a recession as it shrank for a second quarter in a row.

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