(Deepshikha Gautam, Intern Journalist) Britain : The GDP fell by 20.4 in the second quarter due to a lockdown implemented to overcome the corona virus epidemic in Britain, with the economy officially hit by recession. The economy officially considered to be in the grip of a recession when the UK has negative growth rates for two consecutive quarters. According to data from the National Statistics Office, the economy declined by 22% in the first quarter of 2020. Unlike other countries, Britain statistics agency releases quarterly figure as well as monthly figures, and the data shows that the economy looks hopeful. The UK economy grew at a rate of 8.7% after allowing non basic goods shops to reopen in June. The UK government hopes to further improve economy by opening up and easing operations.
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