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Bloomberg TV

U.K. Economy Slumped 20.4% in Second Quarter

Aug.12 — The U.K. economy slumped 20.4% slump in the second quarter, the biggest since records began in 1955, as Britain suffered more than any major European nation amid the coronavirus pandemic. Pierre Ortlieb, senior economist at the Official Monetary and Financial Institutions Forum (OMFIF), discusses the data and the outlook for unemployment on "Bloomberg Markets: European Open."

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