UK economy shrinks 20.4% during April lockdown | Inquirer Business

UK economy shrinks 20.4% during April lockdown

/ 02:54 PM June 12, 2020

Customers observe social distancing inside the IKEA Tottenham store in London, after it reopened to the public following the introduction of measures to bring England out of lockdown on Monday June 1, 2020. The British government has lifted some lockdown restrictions to restart social life and activate the economy while still endeavoring to limit the spread of the highly contagious COVID-19 coronavirus. (Yui Mok/PA via AP)

LONDON Official figures show that the British economy shrank by a colossal 20.4% in April, the first full month that the country was in its coronavirus lockdown.

The Office for National Statistics said Friday that all areas of the economy were hit, in particular pubs, education, health, and car sales.

ADVERTISEMENT

Jonathan Athow, deputy national statistician for economic statistics, said April’s fall is “the biggest the U.K. has ever seen,” and “almost 10 times larger than the steepest pre-COVID-19 fall.”

FEATURED STORIES

April’s decline follows a 5.8% contraction in March. In April, the economy was about a quarter smaller than it was in February.

The U.K. was put into lockdown on March 23 and restrictions are slowly being eased. On Monday, nonessential shops, such as department stores and electronic retailers, are due to reopen.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: April 2020, Business, economy, international news, News, UK, United Kingdom, world, world news

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.