ECONOMY OF UNITED KINGDOM SUFFERS BIGGEST DECLINE SINCE 1709

Highlights:

  • The economy of the United Kingdom has suffered the biggest decline since the year 1709
  • The economy of the country has been decreased by 9.9 percent in the year 2020

The economy of the United Kingdom had been suffering the biggest decrease in more than 300 years in the year 2020 as the novel corona virus pandemic has been responsible for closing the shops and the restaurants, as the economy of the country have been devastated by the travel industry, which has been curtailed by the manufacturing.

The economy of the United Kingdom has been decreased by 9.9 percent in the year 2020, which has been more than twice the number in the year 2009, at the height of the global financial crisis, as said by the National Statistics on Friday, and this decrease has been the decrease since the year 1709, when a cold spell, which has also been known as the Great Frost, that had been devastated what had then been a largely agricultural economy.

The data, that has come as the economy of the United Kingdom, which has been remained as it was shackled by the restrictions in the country, that has been designed for combat the corona virus spread, and a rebound in the increase of the covid-19 cases during the fourth quarter of the year, which has been stifled by the third lockdown of the United Kingdom, that had been responsible for closing the schools, along with the restaurants and several other non-essential shops since the month of December 2020.

Leave a Reply

Your email address will not be published. Required fields are marked *