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Britain Enters Recession

As Britain enters a period of deep recession, as the economic downturn caused by the Covid-19 pandemic cuts hard, two men shake hands near the Bank of England in the financial district on 12th August 2020 in London, United Kingdom. The Office for National Statistics / ONS has announced that gross domestic product / GDP, the widest gauge of economic health, fell by 20.4% in the second quarter of the year, compared with the previous quarter. This is the biggest decline since records began. The result is that Britain has officially entered recession, as the UK economy shrank more than any other major economy during the coronavirus outbreak.

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20200812_recession bank of england_007.jpg
Copyright
Mike Kemp
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4242x2828 / 1.3MB
www.mikekempphotography.com
Contained in galleries
2020
As Britain enters a period of deep recession, as the economic downturn caused by the Covid-19 pandemic cuts hard, two men shake hands near the Bank of England in the financial district on 12th August 2020 in London, United Kingdom. The Office for National Statistics / ONS has announced that gross domestic product / GDP, the widest gauge of economic health, fell by 20.4% in the second quarter of the year, compared with the previous quarter. This is the biggest decline since records began. The result is that Britain has officially entered recession, as the UK economy shrank more than any other major economy during the coronavirus outbreak.
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