That means the Covid-19 pandemic has effectively wiped out all growth in the United Kingdom over the last 7 years, returning the UK economy to the size it was in 2013.
There were some signs of improvement in the final months of 2020, with GDP estimated to have increased by 1% in the fourth quarter, following record growth in the third.
But there were big swings in output over the course of the October-December period, largely tracking the level of restrictions imposed to contain the coronavirus.
The United States fared even better by comparison, with GDP decreasing by 3.5% from the prior year.
— This is a developing story and will be updated.
CNN – CNN INTERNATIONAL