The UK economy shrank by more than 20% in April — the largest monthly loss on record — due to coronavirus restrictions

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  • The UK economy shrank by 20.4% in April, according to figures outlined by the Office for National Statistics on Friday morning, the largest monthly fall in its history. 
  • "April's fall in GDP is the biggest the UK has ever seen, more than three times larger than last month and almost 10 times larger than the steepest pre-COVID-19 fall," Jonathan Athow, deputy national statistician for economic statistics at the ONS, said, according to the BBC. 
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The UK economy shrank by 20.4% in April, according to figures outlined by the Office for National Statistics on Friday morning.

"April's fall in GDP is the biggest the UK has ever seen, more than three times larger than last month and almost 10 times larger than the steepest pre-COVID-19 fall," Jonathan Athow, deputy national statistician for economic statistics at the ONS, said, according to the BBC

See the rest of the story at Business Insider

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