LONDON: Britain suffered a record collapse in economic output in the second quarter of 2020 when Covid-19 lockdown measures were in force and people had few opportunities to spend, though the decline was slightly smaller than first estimated.
Gross domestic product shrank by 19.8% in the three months to June compared with the first quarter, slightly less than the initial 20.4% estimate but still more than any other major advanced economy, the Office for National Statistics said.
Already a subscriber? Log in.
Subscribe to win RM50 Touch 'n Go e-Voucher! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!