Pandemic sees UK economy shrink by 9.9%

Published on February 12, 2021 - Duration: 00:38s

Pandemic sees UK economy shrink by 9.9%

The UK’s economy shrank at its fastest rate since the 1920s last year, as the pandemic forced thousands of businesses to remain closed for several months.The Office for National Statistics revealed that gross domestic product (GDP) dropped by 9.9%.However, after registering 1.2% growth in December, despite strong restrictions across large parts of the country, the economy looks set to avoid what could have been its first double-dip recession since the 1970s.


You are here


💡 newsR Knowledge: Other News Mentions

Related news from verified sources

The Supreme Court Wednesday said India resiliently fought back the unprecedented situation created by the Covid-19 pandemic and the economy as also life of the...
on February 24, 2021 • IndiaTimes

The GDP growth of 0.4 per cent in the December quarter shows that the economy has returned to pre-pandemic times and reflects further strengthening of a V-shaped...
on February 26, 2021 • IndiaTimes

The budget will come as an economic vaccine for the pandemic-battered economy and steer India with the much-needed stimulus to boost demand, consumer confidence...
on February 1, 2021 • Zee News

Related videos from verified sources

Daily politics briefing: February 28 00:47
Video credit: PA - Press Association STUDIO - Published on February 28, 2021 

Airbnb CEO: This is how we outperformed our competitors in 2020 03:51
Video credit: Bleacher Report AOL - Published on February 26, 2021 

Airbnb and DoorDash give contrasting post-pandemic outlooks 02:54
Video credit: Bleacher Report AOL - Published on February 26, 2021 

You might like