UK economy officially in recession after 20.4% Q2 slump
LONDON (AP) — The British economy has fallen into recession after official figures Wednesday showed it contracting by a record 20.4% in the second quarter as a result of lockdown measures put in place to counter the coronavirus pandemic.
The slump recorded by the Office for National Statistics follows a 2.2% quarter-on-quarter contraction in the first three months of the year. It was toward the end of that period — on March 23 — that the U.K. joined other countries in Europe in locking down its economy.