ONS Q1 GDP data ‘just the beginning’
13 May 2020
UK first quarter GDP shrank by 2% quarter-on-quarter, it’s sharpest contraction since the fourth quarter of 2008, as the Coronavirus pandemic crippled the economy. Figures from the Office for National Statistics revealed that the decline largely reflected a record 5.8% fall in output in March, with widespread monthly declines across the services, production and...