UK economy suffered record annual slump in 2020 : worldnews



From the article:

The UK economy shrank by a record 9.9% last year as coronavirus restrictions hit output, the Office for National Statistics (ONS) says.

Last year’s contraction is steeper than almost any other big economy, although Spain suffered an 11% decline.

Britain has reported Europe’s highest death toll from coronavirus and is among the world’s highest in terms of deaths per head of population.

Much of the damage to the UK economy is attributed by economists to a high dependence on the service sector, which suffered particularly badly during the year because of lockdown.


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