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UK in worst recession on record after GDP plunges 20.4% between April and June

The recession brought on by the coronavirus pandemic led to the biggest fall in quarterly GDP on record.

BRITAIN HAS ENTERED into the largest recession on record after figures showed the pandemic sent the economy plunging by 20.4% between April and June.

The Office for National Statistics (ONS) confirmed the UK’s nosedive into recession for the first time since the financial crisis after the record-breaking contraction in the second quarter, which follows a 2.2% fall in the previous three months.

A recession is defined as two successive quarters of decline in gross domestic product (GDP).

But monthly figures showed the economy bounced back by 8.7% in June, following upwardly revised growth of 2.4% in May, as lockdown restrictions eased.

The ONS said the economy is still a long way off from recovering the record falls seen in March and April after tumbling into “the largest recession on record”.

Jonathan Athow, deputy national statistician at the ONS, said: “The recession brought on by the coronavirus pandemic has led to the biggest fall in quarterly GDP on record.

“The economy began to bounce back in June, with shops reopening, factories beginning to ramp up production and house-building continuing to recover.

“Despite this, GDP in June still remains a sixth below its level in February, before the virus struck.

“Overall, productivity saw its largest-ever fall in the second quarter. Hospitality was worst hit, with productivity in that industry falling by three-quarters in recent months.”

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    Mute Paul Culligan
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    Dec 5th 2017, 12:42 PM

    Arrested for wanting freedom for his followers? Sitting Bull, William Wallace, George Washington, and our own beloved Patriots, spring to mind. They all paid a price in some fashion or another, but this is 2017.

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    Mute Honeybadger197
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    Dec 5th 2017, 12:50 PM

    @Paul Culligan: Yes, the poor oppressed people of Catalonia need a visionary to pull them out of the squalor and degradation of being the wealthiest part of Spain.

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    Dec 5th 2017, 1:12 PM

    @Honeybadger197: Wealth is NOT Freedom. “It is for freedom that Christ has set us free. Stand firm, then, and do not let yourselves be burdened again by a yoke of slavery”(Galatians 5:1).

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    Mute Honeybadger197
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    Dec 5th 2017, 1:49 PM

    @Paul Culligan: “Thus sayeth the Lord, use not my words inappropriately lest ye be accused of hyperbole and vacuous false ideas” ( Badgers 7:24)

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    Mute Marc Esteve
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    Dec 5th 2017, 1:52 PM

    Spain has withdrawn the arrest warrant because it would have been rejected by Belgium and that would have proved that it is a Fascist regime non compliant with European standards.

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    Mute Toki Wartooth
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    Dec 5th 2017, 2:47 PM

    @Marc Esteve: hahahahahaha! Have you ever been in Spain? I don’t think so because if you would have and you still state that is a fascist country, you have to pass me the number of your dealer because I want to smoke the same that you smoke…

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