A pedestrian walks previous closed-down outlets on an empty Regent Road in London on April 2, 2020, as life in Britain continues through the nation
A pedestrian walks previous closed-down outlets on an empty Regent Road in London on April 2, 2020, as life in Britain continues through the nationwide lockdown to fight the coronavirus pandemic.
Tolga Akmen
The U.Okay. posted the largest month-to-month fall in GDP (gross home product) within the nation’s historical past in April, in accordance with the Workplace for Nationwide Statistics.
GDP fell by 20.4% in comparison with the earlier month, a sharper contraction than the 18.4% anticipated by analysts polled by Reuters. This represented a 24.5% decline from April 2019, as lockdowns necessitated by the coronavirus pandemic hammered financial exercise.
Within the three months as much as the tip of April, the financial system contracted by 10.4% in comparison with the earlier three-month interval, the ONS additionally confirmed, once more falling under analyst expectations of a 10% decline.
That is breaking information. Please test again for updates.