The UK economy shrank by a record breaking 25% between February and April with steep falls in the education and health sectors and only public administration remaining unaffected by the coronavirus shutdown from March, according to figures from the Office for National Statistics
Gross domestic product fell by 20.4% in April alone, the largest monthly fall ever and ten times greater than the worst quarter of the last recession. Throughout the 2008 recession GDP fell by no more than 2.1% in a single quarter while between 2008 and 2009, the depth of the recession, total GDP fell by 6.2%.
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