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UK goes into biggest recession in history

today11 August 2020 36

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The UK has entered recession for the first time in 11 years due to the impact of coronavirus.

The Office for National Statistics estimates Britain’s GDP fell by 20.4% in the second quarter of 2020. That’s following a dip of 2.2% in the first quarter of the year.

Sky’s Economics Editor Ed Conway explains why this matters.

Written by: Badger1

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