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UK economy: the country is in recession for the first time since 2009

UK economy: the country is in recession for the first time since 2009

Cecilia 20 Aug, 2020 0

With a decline in GDP two quarters in a row, the UK is officially in recession for the first time in 11 years. The GDP fell by 2.2% between January and March 2020 and shrank further by 20.4% between April and June. This is the country’s worst crash since quarterly records began in 1955.