Tag: GDP

What is the UK’s GDP?

Image copyright Getty Images The UK’s GDP shrank by 2% in the first three months of 2020, compared with the last three months of 2019, according to the Office for National Statistics (ONS). But what exactly is GDP, and how is it measured in the UK? What is GDP? Gross domestic product (GDP) is the sum (measured in pounds) of… Read more →

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