Coronavirus sinks British economy

Wednesday, 13 May 2020Newsdesk

UK gross domestic product (GDP) fell two percent in the first three month of the year, according to data from the Office for National Statistics, signaling the first direct impact of Covid-19 on the economy.

New Delhi, 13 May 2020

As per news report of RT.COM, after facing the deepest monthly fall in March, which stood at 5.8 percent, the British economy had the worst quarter-on-quarter results since the financial crisis in 2008.

“With the arrival of the pandemic nearly every aspect of the economy was hit in March, dragging growth to a record monthly fall,” Jonathan Athow, the deputy national statistician for economic statistics, said, commenting on Wednesday’s GDP figures.

Source -RT.COM