12-08-2020 10:11 via retailgazette.co.uk

UK plunges into recession

// UK nosedives into recession after GDP plunges 20.4% between April and June
// ONS says it’s the biggest recession on record and the first since the 2008 financial crisis
// However, monthly figures showed the economy bounced back in June and MayThe UK has officially entered into the largest recession on record after figures showed the Covid-19 pandemic sent the economy plunging by 20.4 per cent between April and June.
The ONS confirmed the nosedive into recession for the first time sinc
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