UK economy shrinks 9.9%, biggest annual decline on record

LONDON (AP) — Britain’s economy suffered its biggest decline on record last year as the coronavirus pandemic closed shops and restaurants and devastated the travel industry.

Yet even as the Office for National Statistics said Friday that gross domestic product shrank 9.9% in 2020, there were signs of a rebound.

The economy expanded 1% in the fourth quarter, a second consecutive quarter of growth.

Categories: Associated Press, News, World

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