Wednesday, May 13, 2020

UK GDP SHRINKS 2% IN Q1

UK GDP fell 2% in the first quarter - that's the fastest the British economy has shrunk since the global financial crisis.

The figures show a decline across services, manufacturing and construction sectors.
Quarter 2 is expected to see a far greater fall in GDP numbers.

Former Bank of England Monetary Policy Committee member Andrew Sentance says the UK is headed into a recession.

In: 'It's certainly...
Out: ...March.'
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