UK in recession for first time in 11 years

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The UK economy suffered its biggest slump on record between April and June as coronavirus lockdown measures pushed the country officially into recession.

The economy shrank 20.4% compared with the first three months of the year.

This plunged the UK into its first technical recession – defined as two straight quarters of economic decline – since 2009.

Officials said the economy bounced back in June as government restrictions on the movement started to ease.

BBC

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Source: Nigerian Tribune