UK economy shrinks 19.8pc on coronavirus impact

Published
0

Britain's economy has shrunk by almost a fifth in the second quarter, entering recession because of the nationwide coronavirus lockdown, AFP reported quoting revised official data.

Gross domestic product contracted by a record 19.8 per cent in the April-June period, the Office for National Statistics (ONS) said in a statement that revised its initial figure of a 20.4pc slump.

The economy also declined by 2.5pc in the first quarter, the ONS added, worse than the previous figure of a 2.2pc decline.

The grim data confirmed Britain has entered a recession with two successive contractions in economic activity, sparked by a nationwide lockdown on March 23 that was not relaxed fully until early June.

Opinion

Editorial

Farming reform
Updated 06 Oct, 2026

Farming reform

Agriculture needs investment, but not another round of costly interventions.
Improved performance
06 Oct, 2026

Improved performance

THE recently concluded Asian Games in Aichi-Nagoya, Japan, were a revival of sorts for Pakistan, and a huge upgrade...
Mass surveillance
Updated 06 Oct, 2026

Mass surveillance

THE new National Cybercrime Investigation Agency chief, Ali Nasir Rizvi, has adopted a “zero-tolerance policy...
After the talks
Updated 05 Oct, 2026

After the talks

Considering how close they came to a solution, govt and opposition teams should reconvene to give the talks another chance.
Child safety online
Updated 05 Oct, 2026

Child safety online

Pakistani children are spending more of their lives online, but the safeguards around them are not keeping pace.
Rising public debt
05 Oct, 2026

Rising public debt

Pakistan’s public debt has surged by 76pc to Rs86.7tr in four years, according to a new government report.