U.K’s Growth -11% In 2020 Worst In 300 Years – Britain’s economy was shrank by a record-breaking 9.9% in 2020, new figures released by the Office of National Statistics which highlights the impact of Covid-19 restrictions, employment uncertainty and reduced demand, with limited growth in the final quarter narrowly avoiding a double-dip recession.
- U.K.’s economic output declined by 9.9% in 2020, the largest annual fall on record said by Office for National Statistics.
- In the last quarter, the economy grew 1% when looser restrictions were imposed and helped the services industry to boost. however, overall output was down 7.8% from the last quarter of 2019.
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