UK economy suffered record annual slump in 2020
The size of the economy shrank by 9.9% in 2020, the largest annual fall on record, official figures show. …
“We anticipate a sharp decline in activity during the first quarter of the year,” said Kemar Whyte, senior economist at the National Institute of Economic and Social Research. “Nevertheless, growth will pick up from the second quarter onwards as restrictions ease on the back of a successful vaccination programme.”
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