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UK Economy Shrank Record 11% in 2020, Worst Since 1709

Senin, 22 Agustus 2022 | 19:14 WIB
UK Economy Shrank Record 11% in 2020, Worst Since 1709

ILUSTRASI. Britain recorded its biggest fall in output in more than 300 years in 2020 when it faced the brunt of the Covid-19 pandemic REUTERS/Tom Nicholson

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Sumber: Reuters | Editor: Anastasia Lilin Yuliantina

KONTAN.CO.ID - LONDON. Britain recorded its biggest fall in output in more than 300 years in 2020 when it faced the brunt of the Covid-19 pandemic, as well as a larger decline than any other major economy, updated official figures showed on Monday.

Gross domestic product fell by 11,0% in 2020, the Office for National Statistics said said. This was a bigger drop than any of the ONS's previous estimates and the largest fall since 1709, according to historical data hosted by the Bank of England.

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