U.K. Economy Slumped 20.4% in Second Quarter

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Aug.12 -- The U.K. economy slumped 20.4% slump in the second quarter, the biggest since records began in 1955, as Britain suffered more than any major European nation amid the coronavirus pandemic. Pierre Ortlieb, senior economist at the Official Monetary and Financial Institutions Forum (OMFIF), discusses the data and the outlook for unemployment on "Bloomberg Markets: European Open."

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This is terrible, but you will pull through UK, you are a strong nation with strong people.

knight

The like of a recession unseen in living memory. And more draconian measures will only drive the last nail in deeper. So buy yourself a family size bag of popcorn sit back and enjoy the show.

zenon-paulking

The German Kurzarbeit system was no answer to the C19 situation.
It is a standard instrument of the labour market. In the form we have today it was introduced 1997.
Nothing new or introduced for one purpose.
Looks as if the German system made the stress test pretty well.

uweinhamburg

I don't think the Virus is the problem, most of the United Kingdoms Population is heading for retirement in a few years time, and as they get older they produce less and even spend less, it's not rocket science to figure out what a disaster that is for a Credit Driven Economy,

tonyblack

Boris Johnson looks like a guy that works in Walmart. Why is he a PM

Trenacetate

In London there r prostitute houses in soho that don't move. Prostitution is illegal in England. I'd say it beyond setting an example to the word these lot r pedigree. Shameful. Boycott uk today

jonasark

British pillaged everything where they went. U can claim sovereignty but not righteousness. Thats a fact my dear pedigree chum

jonasark

None of you guys know how to grow an economy. mOrE GoVeRnMeNt iS tHe aNsWeR
😂😂😂😂

qeoo

Haha looks like the karma for colonialism.

shettyanket

In London there r prostitute houses in soho that don't move. Prostitution is illegal in England. I'd say it beyond setting an example to the word these lot r pedigree. Shameful. Boycott uk today

applesuite

U.K. Economy Slumped 20.4% in Second Quarter

U.K. Economy Slumped 20.4% in Second Quarter

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