British economy posts worst quarter since 2008 financial crisis & that’s before full impact of coronavirus is known

UK gross domestic product

UK gross domestic product (GDP) fell two percent in the first three month of the year, according to data from the Office for National Statistics, signaling the first direct impact of Covid-19 on the economy.

After facing the deepest monthly fall in March, which stood at 5.8 percent, the British economy had the worst quarter-on-quarter results since the financial crisis in 2008.

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