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Coronakrise trigger the british recession for the first time in 11 years

The global coronapandemi is gone unusually hard out of the british economy, now for the first time in 11 years officially experiencing a recession. The writin

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Coronakrise trigger the british recession for the first time in 11 years

The global coronapandemi is gone unusually hard out of the british economy, now for the first time in 11 years officially experiencing a recession.

The writing several british media, including the BBC and Sky News.

A new report from the Office of National Statistics (ONS) show that the uk economy shrank by 20.4 percent in the second quarter compared with the first three months of the year.

Coronakrisen has hit the economy hard in several of the world's largest economies.

the Worst it does therefore seem that it has gone beyond the uk, which before the crisis was the world's sixth largest economy.

It says Allan Sørensen, chief economist at the confederation of Danish Industry.

Britain is tremendously hard hit by the coronakrisen. British economy shrinks at fastest pace ever, he says in a comment to the figures.

- the united kingdom is the country that has experienced the biggest downturn in the second quarter - not even Spain, Italy and France have experienced so much decline.

He signifies, therefore, the development as a historic downturn for the british economy.

According to Sydbank seniorøkonom Kim Blindbæk is the first time in history that the british economy is going so very back in a single quarter.

He says that it is expensive stimulus packages for employees that have gone hard out of the economy.

We estimate that the hjælpepakkerne have been necessary to prevent that the crisis will be long-term. The negative effect we have seen in the economic growth, has been inevitable, he says in a comment.

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