Friday, January 21, 2022

Coronavirus: UK Economy Shrinks 10%…The Fastest Rate In 100 Years

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The UK’s economy shrunk faster than at any point in 100 years in 2020, new figures reveal.

Britain’s Prime Minister Boris Johnson, Chris Whitty, Chief Medical Officer for England and Chief Scientific Adviser to the Government, Sir Patrick Vallance, attend a news conference on the novel coronavirus, in London.

According to the UK’s Office for National Statistics, domestic product (GDP) dropped by 9.8% during the year.

The coronavirus pandemic saw an unprecedented closing down of businesses, with fears the economic fallout could last for years.
Photo Credit: Getty

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