Britain’s economy contracted two percent in the first three months of the year, rocked by fallout from the coronavirus pandemic, official data showed Wednesday.
Gross domestic product shrank in the first quarter compared with the prior three months in the largest slump since the global financial crisis in the fourth quarter of 2008, the Office for National Statistics said in a statement.Britain implemented a COVID-19 lockdown — which is only just starting to be eased — on March 23.
The Bank of England had already warned last week that the economic paralysis could lead to the worst recession in centuries. “Services and construction saw record declines on the month with education, car sales and restaurants all falling substantially.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
COVID-19: UK govt gives Premier League date to resume seasonThe United Kingdom (UK) government has given the English Premier League (EPL) the green light to restart the season from June 1, according to Sky Sports. DAILY POST had reported that the Premier League is currently suspended indefinitely, with nine matches remaining due to the coronavirus pandemic. The Premier League and all other top-level sports
Read more »
Gombe records first COVID-19 deathThe chairman of the state task force on COVID-19, Idris Mohammed, disclosed this during the daily briefing on the activities of the task force.
Read more »
Ondo records first COVID-19 deathOndo State has recorded its first COVID-19 death out of one of the three new cases identified last week by the state’s task force.
Read more »
COVID-19: Ondo records first death, as 15 health workers test positive in Bauchi – Daily TrustOndo State on Monday recorded first death from COVID-19. The State governor, Oluwarotimi Akeredolu, who disclosed this on Monday, said the death occurred on in the early hours of the day. Read more:
Read more »
Madagascar's herbal remedy for COVID-19 sent to NigeriaWe are a quality, national, newspaper with credible and dependable information.
Read more »