- In 2020, as Britain faced the brunt of the COVID-19 pandemic, it saw its biggest fall in output for more than 300 years, and a bigger fall than any other major economy showed updated official figures.
- This is a bigger fall than any of the previous ONS estimates and the biggest fall since 1709.
- Even before the latest revisions, Britain’s economic decline was the biggest in the Group of Seven, and the latest downward revision made it bigger than Spain’s.
Bulgaria: UK Economy Shrank by Record 11%
