UK’s Sunak: Coronavirus is having a severe impact on our economy

Dhwani Mehta FXStreet

Following the release of the UK GDP report, the country’s Finance Minister Rishi Sunak justified the sharper-than-expected contraction in the economy in April.

Key quotes

“In line with many other economies around the world, coronavirus is having a severe impact on our economy.

“The lifelines we’ve provided have protected businesses and jobs, giving us the best chance of recovering quickly as the economy reopens.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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