UK has worst economic slump in Europe

The UK suffered more than any other major European economy during the coronavirus lockdowns, as official figures showed that GDP shrank by more than 20 percent in the second quarter of 2020


PERCENTAGE CHANGE IN REAL GDP, Q2 2020
(compared with Q1 2020)

Euro area
-12.1

Belgium
-12.2

France
-13.8

Portugal
-14.1 

Spain
-18.5

UK
-20.4

Germany
-10.1

Italy
-12.4

Latvia
-7.5

Lithuania
-5.1

Czech Republic
-8.4

Austria
-10.7


Sources: Bloomberg, Eurostat
Picture: Getty Images
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