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The Uk has entered officially today in a recession, for the first time in more than ten years, due to the drop in the gross domestic product (GDP) 20.4% between April and June , the second consecutive quarter of contraction, according to official figures.
The Office for national statistics (ONS) indicated that all sectors of the british economy suffered from a fall due to the impact of the containment measures put in place by the Government to contain the spread of the Covid-19. According to statistics, the contraction in the second quarter is the most important that has been ever recorded in the United Kingdom.
In the first quarter -January to march-the british GDP declined 2.2%, but the economic deterioration worsened from April to suffer the country to a standstill economically due to the confinement caused by the pandemic. In technical terms, the recession is defined as two consecutive quarters of economic contraction.
Despite all of this, GDP increased 8.7% in the month of June , when they began to soften the measures of confinement, while in may recorded a rise of 2.4%, but in April declined by 20%, according to data released this Wednesday by the ONS.
The sectors most affected in the second quarter were the accommodation, restaurants, and bare s, with a fall in 86.7%, while retail trade declined by 20%, transport 30%, the activities of scientific and technical 20.4%, while the area of education suffered a contraction of 34.4%. The construction suffered a decline of 35%, while industrial declined 20.2% between April and June.
The responsible of statistics from the ONS, Jonathan Athow, said that the recession triggered by the pandemic coronavirus has led to a fall “record” of the GDP for a quarter. “The economy began to rebound in June with the reopening of shops, the factories began production and the construction sector started the recovery,” he added.
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