UK Confirms its First Recession Since 2009

Uk Reccession Vo.transfer

The United Kingdom is now officially in recession with the biggest drop in its economy on record.

The UK’s GDP plunged 20.4% in the second quarter.

That is the biggest drop between quarters ever.

The big drop is largely blamed on the impacts coronavirus restrictions.

This is the first time the UK has seen a recession in their economy since 2009.