Tag: slump
UK economy in record slump due to coronavirus
By Elliot Smith, CNBC THE UK posted the biggest monthly fall in GDP (gross domestic product) on record in April, according to the Office for National Statistics. GDP fell by 20.4% compared to the previous month, a sharper contraction than the 18.4% expected by analysts polled by Reuters. This represented a 24.5% decline from April …
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