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Britain expected to fall into ‘significant recession’

Britain is likely to face a “significant recession” this year due to the pandemic, finance minister Rishi Sunak said.
The British economy contracted by 2% in the first quarter of 2020, according to UK GDP figures published on Wednesday.
“A recession is technically defined as two quarters in succession of negative GDP,” Sunak told British media.
“We have had one and that is on the basis of only several days really of significant disruption from coronavirus. So yes, it is now very likely the UK will face a significant recession this year.”