Brexit turmoil drives UK towards recession | World News, The Indian Express

Brexit turmoil drives UK towards recession | World News, The Indian Express

By AFP |London |Published: August 9, 2019 7:50:54 pm

Brexit turmoil drives UK towards recession

Gross domestic product (GDP) fell 0.2 per cent in the April-June period, the first time the economy has contracted in almost seven years, the Office for National Statistics (ONS) said in a statement.

Anti-Brexit protesters gather opposite the Houses of Parliament, in London, Britain, March 18, 2019. REUTERS/Toby Melville

Britain’s economy unexpectedly shrank in the second quarter of the year on Brexit turmoil, official data showed Friday, placing the country on the verge of recession