Channel 4 News published this video item, entitled “UK economy shrinks by record 9.9% in 2020 pandemic” – below is their description.
The biggest fall in national income for 311 years. That is the startling economic cost revealed today of a year of restrictions and lockdowns.
But despite the gloom, some brave souls see grounds for optimism.
The Bank of England’s chief economist believes the economy is a “coiled spring” ready to bounce back.
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