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Economy shrank by a fifth in April as lockdown took hold

Published on June 12, 2020 - Duration: 00:55s

Economy shrank by a fifth in April as lockdown took hold

The UK economy contracted by more than a fifth in the first full month of lockdown, as shops and factories closed and workers were sent home.

The Office for National Statistics said that economic activity was down by 20.4% in April - the largest drop in a single month since records began in 1997.

The fall massively outstrips the then-record 5.8% drop in March gross domestic product (GDP) that the ONS reported last month.

It means that GDP fell by 10.4% in the three months to April and sets the UK on course for one of its worst quarters in history.

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