Britain Enters Recession Under Coronavirus Pandemic

As Britain enters a period of deep recession, with retail and advertising struggling as the economic downturn caused by the Covid-19 pandemic cuts hard, the giant screens at Piccadilly Circus show slogans promoting their own advertising space on 13th August 2020 in London, United Kingdom. The Office for National Statistics / ONS has announced that gross domestic product / GDP, the widest gauge of economic health, fell by 20.4% in the second quarter of the year, compared with the previous quarter. This is the biggest decline since records began. The result is that Britain has officially entered recession, as the UK economy shrank more than any other major economy during the coronavirus outbreak.

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Copyright: Mike Kemp
Image Size: 4243x2828 / 2.6MB; www.mikekempphotography.com; London English England Britain British UK United Kingdom coronavirus outbreak coronavirus health health scare epidemic pandemic Covid-19 Covid 19 outbreak urban shops retail non-essential economy economic downturn recession West End Piccadilly Circus advertising screens promotion slogans louder
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As Britain enters a period of deep recession, with retail and advertising struggling as the economic downturn caused by the Covid-19 pandemic cuts hard, the giant screens at Piccadilly Circus show slogans promoting their own advertising space on 13th August 2020 in London, United Kingdom. The Office for National Statistics / ONS has announced that gross domestic product / GDP, the widest gauge of economic health, fell by 20.4% in the second quarter of the year, compared with the previous quarter. This is the biggest decline since records began. The result is that Britain has officially entered recession, as the UK economy shrank more than any other major economy during the coronavirus outbreak.