Coronavirus News Europe

UK economy contracts record 20 percent in April – POLITICO


Britain’s Prime Minister Boris Johnson | Tolga Akmen/AFP via Getty Images

Statistic agency reports ‘record falls’ across all sectors in first full month of lockdown measures.

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The U.K.’s GDP fell 20.4 percent in April, its worst-ever monthly fall, after the country went into lockdown in response to the coronavirus crisis.

The record April fall followed a 5.8 percent contraction in March, according to data released by the Office of National Statistics Friday.

The retail, travel, hospitality, manufacturing and construction industries all experienced significant contractions, with the ONS reporting “record falls” in April “across all sectors.”

Earlier this week, the Organization for Economic Cooperation and Development warned that the U.K., along with Spain, France and Italy, would face the world’s roughest economic hits this year from the coronavirus.

U.K. Prime Minister Boris Johnson requested a voluntary end to “non-essential” contact with others on March 16, before implementing mandatory lockdown measures on March 23.





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