Collapse: UK GDP Plunges To 2003 Levels

To give perspective to the Great Panic of 2020, economic contraction is 2020 is six times faster and four times deeper than the contraction in GDP through 2008/09. This is happening globally and is still falling. Many comparisons are already being made to the Great Depression of the 1930s. ⁃ TN EditorThe British economy shrank by a record 20.4% in the second quarter when the coronavirus lockdown was tightest, the most severe contraction reported by any major economy so far, with a wave of