British economy suffered record collapse in the second quarter

 

The British economy collapsed in the second quarter by the most on record, in the worst showing of any major economy during the pandemic.

The U.K. gross domestic product quarter-on-quarter fall of 20.4% in the second quarter was worse than even hard-hit France and Spain. It was double the roughly 10% declines of the U.S. and Germany during the period.

The 20.4% decline was slightly better than the 21.2% decline forecast by economists.

https://www.marketwatch.com/story/british-economy-collapsed-by-most-on-record-in-the-second-quarter-11597212972