Sky News Uk Recession
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Recession is defined as two successive quarters decline gross d.
The uk has entered recession for first time in 11 years due to impact of coronavirus. The total number of covid19 deaths in uk including suspected coronavirus has now reached 36,591 according to office for national statisti. The international monetary fund has warned that global economic impact of coronavirus will be worse than first feared, with some countries expected to fa.
Recession may be just one quarter away. The world's two biggest economies are locked in a trade war. Office national statistics estimates britain's gdp fell.
The biggest fall in employment for a decade has seen fears spread of new recession.
