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About: http://data.cimple.eu/news-article/811daa99e9b69713b8e8d5195f4e8c531e323d488405335e26aa1f5c Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Britain's coronavirus-ravaged economy slumped almost one-fifth during the country's lockdown and remained set for its sharpest decline in annual output for 300 years, official data showed Tuesday. The Office for National Statistics (ONS) said gross domestic product plunged 19.1 percent in the three months to May "as government restrictions on movement dramatically reduced economic activity". The Office for Budget Responsibility, in charge of the government's economic forecasts, said the "UK is on track to record the largest decline in annual GDP for 300 years", estimating that the economy could shrink by as much as 14.3 percent in 2020. The Bank of England had already forecast that the UK economy could have its sharpest annual contraction in centuries. GDP output grew 1.8 percent in May from April as the government began to ease restrictions, particularly boosting construction and manufacturing. Yet the economy remains about 24.5 percent below its size in February before the pandemic spread. "Manufacturing and house-building showed signs of recovery as some businesses saw staff return to work," said Jonathan Athow, deputy national statistician at the ONS, in reference to the May data. "Despite this, the economy was still a quarter smaller in May than in February, before the full effects of the pandemic struck. "In the important services sector we saw some pick-up in retail, which saw record online sales. "However, with lockdown restrictions remaining in place, many other services remained in the doldrums, with a number of areas seeing further declines," Athow added. Britain has been one of the countries worst hit by the virus, with nearly 45,000 deaths from positive coronavirus cases, according to an official government tally. Broader statistics taking into account suspected cases puts the death toll at more than 50,000. Britain is in the final stages of rolling back nationwide coronavirus restrictions imposed on March 23. Meanwhile facemasks are to become compulsory in shops and supermarkets in England from next week, the government said on Tuesday, in a U-turn on previous policy. rfj-bcp/jh
schema:headline	Virus-hit UK economy slumps almost 20% in lockdown
schema:mentions	The Office Office for National Statistics U-turn Ebola virus disease Gross domestic product England Lockdown Pandemic United Kingdom Severe acute respiratory syndrome coronavirus 2 National Statistician
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-07-14 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	73 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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