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		</div><p>Britain has officially entered into the largest recession on record after figures showed the pandemic sent the economy plunging by 20.4 per cent between April and June.</p>
<p>The Office for National Statistics (ONS) confirmed the UK’s nosedive into recession for the first time since the financial crisis after the record-breaking contraction in the second quarter, which follows a 2.2 per cent fall in the previous three months.</p>
<p>A recession is defined as two successive quarters of decline in gross domestic product (GDP).</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="en" dir="ltr">Our latest GDP estimates for June show that the UK economy is now 17.2% smaller than it was in February before the full impacts of the <a href="https://twitter.com/hashtag/coronavirus?src=hash&;ref_src=twsrc%5Etfw">#coronavirus</a> <a href="https://twitter.com/hashtag/COVID19?src=hash&;ref_src=twsrc%5Etfw">#COVID19</a> pandemic hit <a href="https://t.co/8FmcVvX6lz">https://t.co/8FmcVvX6lz</a> <a href="https://t.co/Qgh12prPtt">pic.twitter.com/Qgh12prPtt</a></p>
<p>&mdash; Office for National Statistics (ONS) (@ONS) <a href="https://twitter.com/ONS/status/1293427353289449472?ref_src=twsrc%5Etfw">August 12, 2020</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>However, monthly figures showed the economy bounced back by 8.7 per cent in June, following upwardly revised growth of 2.4 per cent in May, as lockdown restrictions eased.<br />
The ONS said the economy is still a long way off from recovering the record falls seen in March and April after tumbling into “the largest recession on record”.</p>
<p>Jonathan Athow, deputy national statistician at the ONS, said: “The recession brought on by the coronavirus pandemic has led to the biggest fall in quarterly GDP on record.</p>
<p>“The economy began to bounce back in June, with shops reopening, factories beginning to ramp up production and house-building continuing to recover.</p>
<p>“Despite this, GDP in June still remains a sixth below its level in February, before the virus struck.</p>
<p>“Overall, productivity saw its largest-ever fall in the second quarter. Hospitality was worst hit, with productivity in that industry falling by three-quarters in recent months.”</p>
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