<p><span><span><span><span lang="EN-US"><span><span>This coronavirus outbreak has a substantial economic impact on nearly every country. The economy of the United Kingdom was also affected by the outbreak. The effect of lockdown rules, which have resulted in the closure of several businesses in order to minimize mobility, has been disastrous for the UK economy.</span></span></span></span></span></span></p>

<p><span><span><span><span lang="EN-US"><span><span>The scale of the economic downturn brought on by the outbreak is unmatched in contemporary history. In 2020, the GDP of the UK fell by 9.8%, the sharpest loss since the year 1948 when the record started and the largest in over 300 years, according to some estimates.</span></span></span></span></span></span></p>

<p><span><span><span><span lang="EN-US"><span><span>In April 2020, during the first lockdown, the GDP of the UK was lowered by 25% than it had been in February 2020. The economy began to perk up in the summer and spring, signaling the economy's opening and restrained demand from the very first lockdown.</span></span></span></span></span></span></p>
