Britain’s economy shrinks by 1.5% in the first quarter of 2021, severely dragged down by the epidemic
China News Service, May 12, According to the British Broadcasting Corporation (BBC), on the 12th local time, the British government released data stating that the country’s economy shrank by 1.5% in the first quarter of 2021.
p > According to reports, the National Bureau of Statistics of the United Kingdom stated that early in the first quarter, school closures and retail sales fell sharply due to the new crown epidemic, which dragged down economic growth.
It is reported that the size of the British economy has dropped by 8.7% compared to before the outbreak of the new crown epidemic.
However, Darren Morgan, head of economic statistics at the National Bureau of Statistics of the United Kingdom, said, “(The British economy) experienced a strong recovery in March, and the recovery of the retail industry and the resumption of schools have played a role in promoting.”
In addition, the recovery momentum of the British construction industry is also very strong, and it has exceeded the level before the epidemic.