REUTERS/Henry NichollsBritain suffered a record collapse in economic output in the second quarter of 2020 when COVID-19 lockdown measures were in full force, though the decline was slightly smaller than first estimated. Other data have suggested Britain is on course for its biggest annual fall since the 1920s. Britain’s economy had already shrunk by 2.5 per cent in the January-March period as the country entered lockdown in late March. Heavy tollBritain has suffered Europe’s highest death toll from COVID-19, with more than 42,000 fatalities. Nonetheless, it said Britain’s economy shrank more than any other Group of Seven economies in the first half of 2020.

Source: Standard Digital September 30, 2020 08:15 UTC