Article 53DRA The UK's biggest quarterly economic declines

The UK's biggest quarterly economic declines

by
Richard Partington
from Economics | The Guardian on (#53DRA)

Economy shrunk by 2% in first quarter as result of coronavirus, but slump is not unprecedented

The year Britain's first motorway opened and just after Harold Macmillan declared the country had never had it so good" in July 1957, the economy sank into a brief but steep decline in the summer of 1958.

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