About: http://data.cimple.eu/news-article/e72892fedebe8f9b9bd1c53c39eba50a7ade87c2e5a16db34bb60530

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About: http://data.cimple.eu/news-article/e72892fedebe8f9b9bd1c53c39eba50a7ade87c2e5a16db34bb60530 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Britain's economy slumped by almost a fifth in the three months to May compared with the prior December-February period, as the coronavirus lockdown ravaged activity, official data showed Tuesday. The Office for National Statistics (ONS) said GDP fell by 19.1 percent in the three months to May "as government restrictions on movement dramatically reduced economic activity". Output however grew by 1.8 percent in May from April as the government began to ease restrictions, particularly boosting construction and manufacturing. Nevertheless, the UK economy is far from recovery after record falls suffered in March and April, when Britain was in full lockdown in a bid to halt the deadly COVID-19 outbreak. 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." rfj/rl
schema:headline	Virus-hit UK economy shrinks 19% in three months to May
schema:mentions	2020 coronavirus outbreak in Singapore The Office Office for National Statistics Gross domestic product 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	70 (xsd:integer)

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