UK to plunge into deepest slump on record with worst GDP drop of G7

UK to plunge into deepest slump on record with worst GDP drop of G7

UK to plunge into deepest slump on record with worst GDP drop of G7

Britain’s economy will be officially declared in recession this week for the first time since the 2008 financial crisis, as the coronavirus outbreak plunges the country into the deepest slump on record. Figures from the Office for National Statistics on Wednesday are expected to show that gross domestic product (GDP), the broadest measure of economic prosperity, fell in the three months to June by 21%.

By Miki