[Daily Mail, where America gets its news] - The UK economy has officially entered recession after figures showed a second quarter of contraction
That’s what happens when you lock everyone down. It reverses when its opened up again, people being what they are.
- GDP was down a shocking 20.4 per cent in the three month to June at height of the coronavirus crisis
Not shocking at all, under the circumstances.
- UK's hit in the first six months of 2020 was the worst in the G7 with slump set to be the biggest in 100 years
Never before has much of the world deliberately closed up shop for the duration. In 1918-1920 the Spanish flu rampaged round the world in four waves, infecting 500 million and killing 17-50 million. Current COVID-19 world statistics are 20.8 million infections and 747,258 deaths since January, where the death rate started flattening in April.
- The economy did recover to an extent in the month of June with the ONS finding 8.7 per cent growth
|