U.K. Economy Shrinks by More Than Any Other Rich Country

LONDON—The U.K. recorded a steeper 2nd-quarter contraction than its peers, a performance that usually means

LONDON—The U.K. recorded a steeper 2nd-quarter contraction than its peers, a performance that usually means it experienced the worst financial strike from the coronavirus in Europe as nicely as reporting the highest dying toll.

The financial state is presently recovering as limits on every day life simplicity and staff trickle back again to factories and places of work, latest info demonstrate, but Financial institution of England officers have warned that it could acquire right up until the finish of 2021 to get back the ground missing through the pandemic.