UK economy collapses 20.4% in Q2, unemployment fears mount
2020-08-13 09:10:51 source：CGTN
August 12,2020
Britain's economy shrank by a record 20.4 percent between April and June, when the coronavirus lockdown was tightest, the largest contraction reported by any major economy so far, with a wave of job losses set to hit later in 2020, official figures showed on Wednesday.
Official figures published on Wednesday also showed the world's sixth-biggest economy entered a recession as it shrank for a second quarter in a row.
There were signs of a recovery in June when output grew by 8.7 percent from May, the Office for National Statistics (ONS) said, just above economists' average expectation in a Reuters poll for an 8-percent rise.
Read more: