Newest video updates about Coronavirus. Check out this “Coronavirus: recession looms with record fall in economic output – BBC News” video below:
The United Kingdom is facing a “significant recession”, according to the Chancellor, Rishi Sunak. The Office for National Statistics reported a record fall in economic output in March.
The impact of the pandemic is likely to be even more damaging in the coming months, with one expert warning that the economy is in “freefall”.
The economy shrank by 2% in the first 3 months of this year,…..(read more)