Britain’s economy contracts by record 5.8% in March.

  • The Office for National Statistics released its first-quarter report for 2020 on Wednesday.
  • Gross Domestic Product shrank by 2 percent during the first three months of the year.
  • The economy saw a slight increase of 0.1 percent in January but then contracted by 0.2 percent in February followed a record 5.8 percent dive in March.
  • Britain confirmed its first coronavirus case at the end of January.