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The first quarter of 2020 sees the economy shrink at its fastest rate since the financial crisis of 2008

Data from the Office for National Statistics (ONS) shows that the economy shrank by 2% in the first three months of 2020 – the fastest rate since the financial crisis a decade ago.  With the national lockdown beginning in the last two weeks of this period (with lockdown measures brought in on March 23rd) financial experts have pointed out how quickly the economy went into free fall with the expectation that  figures from April will be considerably worse.

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