As the deadly coronavirus spreads, Britain’s economy has contracted by a record 20.4 percent.
According to an official data which was released on Wednesday, it is in the second quarter with the country in lockdown over the coronavirus pandemic, AFP reports.
The Office for National Statistics said, “It is clear that the UK is in the largest recession on record,”.
Britain officially entered recession in the second quarter after gross domestic product (GDP) contracted by 2.2 percent in the first three months of the year.
The technical definition of a recession is two quarterly contractions in a row.
The ONS said that the contraction for the first six months of 2020 “was slightly below the 22.7 percent seen in Spain but was more than double the 10.6 percent fall in United States”.
It added that Britain’s dire second quarter was driven by a 20-percent drop in output in April, “the biggest monthly fall on record reflecting widespread… declines in output across the services, production, and construction industries”.