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Office for National Statistics says that the economy of the United Kingdom has contracted by a record 9.9% since the pandemic began

The Office for National Statistics says that the economy of the United Kingdom has contracted by a record 9.9% since the pandemic began, but has narrowly avoided a double-dip recession. This is nonetheless estimated to be the largest annual contraction since 1709.

By Belfast Herald Staff Reporter1 min read

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BusinessOffice for National Statistics says that the economy of the United Kingdom has contracted by a record 9.9% since the pandemic began

The Office for National Statistics says that the economy of the United Kingdom has contracted by a record 9.9% since the pandemic began, but has narrowly avoided a double-dip recession. This is nonetheless estimated to be the largest annual contraction since 1709.

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