London, 12th August: The UK economy is officially in the largest recession on record during the coronavirus pandemic. According to the official figures the economy of the United Kingdom has plunged into the largest recession on record since the pandemic crisis. The UK has been tipped into the "largest recession on record", according to official figures charting the impact of the #coronavirus crisis on the economy https://t.co/idFomUrpw6 — Sky News (@SkyNews) August 12, 2020 The Office for National Statistics (ONS) reported that the enforced hibernation of activity through the COVID-19 lockdown meant gross domestic product (GDP) slumped by 20.4% in the second quarter of the year following a dip of 2.2% during the first three months of 2020. Monthly figures showed the economy bounced back by 8.7% in June, following upwardly revised growth of 2.4% in May, as lockdown restrictions eased. Shahrukh Khan converts his office into ICU The ONS said the economy is still a long way off from recovering the record falls seen in March and April after tumbling into the biggest recession on record. The figures today show that hard times in the UK are here, hundreds of thousands of people have already lost their job, and … Continue reading UK economy plunges into largest recession on record