Todd Mundt

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The shock suffered by the UK economy in 2020 was spectacular. The fastidiousness of British statisticians may somewhat exaggerate the impact of the downturn by painting the decline in the public service contribution to GDP in particularly grim terms.25 However, the fall in household consumption was real, and the prospects for 2021 were grim. It was, according to the Bank of England, the worst recession in three hundred years.26
Shutdown: How Covid Shook the World's Economy
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