British Economy Shrank 19 Percent

British Economy Shrank 19 Percent

The British economy contracted by 19.1 percent in March-April-May. According to the statement made by the Office for National Statistics (ONS), the country's economy shrank by 19.1 percent in March-April-May; It was only able to increase by 1.8 percent in May. According to the experts' statements, the small growth in May overturned the recovery estimates in May when coronavirus (Covid-19) outbreak measures were stretched. The British economy was 6.9 percent in March; In April, it shrank by 20.4 percent. 'Early to Say Something' Commenting on statistics, ONS Statistics Specialist Jonathan Athow said: '' In some sectors, data seems to be getting stronger by loosening the measures. We saw a stronger performance in June. But it's still too early to say anything. '' British Finance Minister Rishi Sunak, on the basis of growth statistics, said: "I know people are concerned about the security of their jobs and income. For this reason, we announced our plan for the protection of employment last week. '' A Support Program of £ 30 Billion Will Be Applied Finance Minister Rishi Sunak announced that a £ 30 billion support program will be implemented to ensure economic recovery. The British economy had seen the most drastic shrinkage in 40 years, with a shrinkage of 2.2 percent in the first quarter of 2020. While statistics in the country for May show that 612 thousand people have been dismissed from their jobs; In the report of the University of Essex Social Economic Research, it was said that more than 6.5 million people could be from work due to a pandemic.