UK economy shrinks record 20.4% in April due to lockdown
The UK`s economy shrank by 20.4 per cent in April, the largest monthly contraction on record, as the UK spent its first full month in lockdown due to the COVID-19 pandemic, the Office for National Statistics (ONS) said on Friday.
The contraction is three times greater than the decline seen during the whole of the 2008 to 2009 economic downturn, the BBC reported.
The ONS also published figures for the three months from February to April, which showed a decline of 10.4 per cent compared with the previous three-month period.
"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, told the BBC. (Photo: Reuters)