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Monday, November 18, 2024

UK economy shrank record 11% in 2020, worst since 1709

LONDON, Aug 22 (Reuters) – 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, …

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