Friday, June 12, 2020

UK GDP SLUMPS MOST ON RECORD

UK GDP slumped by 20.4% in April according to new figures - by far the biggest monthly fall on record.

The ONS data comes from the first full month of lockdown restrictions in the UK.

Over the three months from February to April, output declined 10.4%.

The statistics show almost every area of the UK economy was hit hard by the Covid-19 lockdown.

Business reporter Declan Curry says the focus is now on recovery.

IN: "Growth figures...
OUT: ...on Monday."
DUR: 22 seconds