Name: UK economy suffers record slump in 2020
Uploaded: 2021-02-13T18:30:03.000Z
Duration: 1 min 14 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

Growth suffered a record 9.9% slump in 2020.

That's the biggest annual crash in output in over 300 years.

It was also the worst performance by any major economy Bar Spain, which was also battered by lockdowns and the pain is far from over.

The Bank of England reckons the economy will shrink another 4% in the first three months of 2021.

Brexit disruption is adding to the effects off a new lock down.

The hospitality sector looks hardest hit, with pubs and restaurants largely shut.

However, Britain has vaccinated more people than any other European country so far.

Households are also sitting on huge piles off enforced savings after being made to stay home.

Some of that money should start flowing back into the economy when lockdowns are lifted.

 Many economists expect a vigorous rebounds later in the year as a result. 

Subtitles ListPlay Video

UK economy suffers record slump in 2020

expect

shrink

chill

suffer