UK economy shrinks record 9.9% in 2020 on virus

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by Roland JACKSON LONDON, United Kingdom (AFP) — Britain’s economy shrank by a record 9.9 percent last year on the fallout from the coronavirus pandemic despite managing strong growth in the second half, official data showed Friday. Finance minister Rishi Sunak said the economy had suffered a “serious shock” from the Covid-19 global health crisis. The data came one week after the Bank of England forecast economic recovery on the back of Britain’s successful ongoing […]