UK Suffers Worst Economic Rut In 300 years.
The Coronavirus pandemic hit Britain particularly hard with an economic gut punch that will take years to climb recover from.
“Gross domestic product shrank 9.9% over the year as a whole, the Office for National Statistics said Friday, the largest annual decline among the Group of Seven advanced economies. France’s economy shrank 8.3% and Italy’s contracted 8.8%, according to provisional estimates. German GDP declined 5%. The U.S. shrank 3.5%.
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The World will take many years to recover from this pandemic with some nations able to pull ahead of others in there ability to rebound economically. England was extremely hard hit but their rapid vaccine rollout may provide the country with an opportunity to pull ahed in the recovery effort. The United States continues to lag on the vaccine rollout front which may hinder our ability to continue our economic rebuilding. The vaccine cannot be distributed fast enough and all efforts must be put behind ensuring everyone receives their jab. The economy depends on it.
