U.K economy shrinks 20.4% during April lockdown

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 that all areas of the economy were hit, in particular pubs, education, health and car sales.

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. April's decline follows a 5.8% contraction in March.

In April, the economy was about a quarter smaller than it was in February.

 

Asianet.in/ Desk: Asianet Online