World

UK economy in recession for first time in more than 10 years

The United Kingdom’s economy shrunk by a record 20.4% in the second quarter of 2020, plunging the country into recession for the first time since 2008.

The 20.4% decline in Q2, which followed a 2.% drop in Q1, is the deepest slump the economy has since s1954, The Guardian reported on Wednesday morning.

Source: guardian.ng