U.K. Economy Plunged by Record 20% Under Virus Lockdown

Jun.12 — The U.K. economy shrank a record 20.4% in April as businesses and workers reeled under the lockdown designed to control the coronavirus pandemic. Christian Keller, head of economic research at Barclays, reacts to the data and considers the possible impact of a second wave of infections. He speaks on “Bloomberg Surveillance.”

In This Story: Barclays

Barclays plc is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services.

Stock tickers: (LSE: BARC, NYSE: BCS, FTSE 100 Component)

Barclays traces its origins to the goldsmith banking business established in the City of London in 1690.

 

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  • In This Story: Lockdown

    During the 2020 Covid-19 epidemic, lockdown has come to mean the practice of attempting to control transmission of the virus by means of restricting people’s movement and activities on a broad scale, usually on a national or state-wide basis.

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