- Reflecting the country's decision to hold off on locking down until the end of March, the U.K. economy shrank at an annualized 7.7% in Q1, a smaller contraction than its big European neighbors.
- France's economy shrank 21% during the same period, while Spain and Italy contracted 19% and 17%, respectively.
- The worst of the economic damage is yet to come. The Bank of England forecasts the economy contracting by a quarter in the second three months of the year.
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