UK GDP growth plunges to -20% in April
Figure is worst on record, but may be somewhat better than earlier official estimates
The UK economy contracted 20.4% in April, according to an early estimate released by the Office for National Statistics today (June 12).
“April’s fall in GDP is the biggest the UK has ever seen, more than three times larger than last month and almost 10 times larger than the steepest pre-Covid-19 fall,” says Jonathan Athow, deputy national statistician for economic statistics. “Virtually all areas of the economy were hit.”
GDP fell 0.2% in February, 5.8% in March, and 20.4% in April
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