UK Enters Recession After Economy Shrinks 20% In Second Quarter

A handout photograph released by the UK Parliament shows Britain’s Prime Minister Boris Johnson during Prime Minister’s Questions (PMQs) in the House of Commons in London on July 15, 2020. JESSICA TAYLOR / AFP / UK PARLIAMENT

 

 

Britain’s economy contracted by a record 20.4 percent in the second quarter with the country in lockdown over the coronavirus pandemic, official data showed Wednesday.

“It is clear that the UK is in the largest recession on record,” the Office for National Statistics said.