By Jason Douglas


LONDON--The U.K. economy shrank by slightly less than previously thought in the second quarter, according to a revised estimate Wednesday.

Gross domestic product declined 19.8% April through June, the Office for National Statistics said, compared with an earlier estimate of a 20.4% fall.

That is still a larger decline than those recorded by its European neighbors, reflecting the timing and duration of the U.K.'s nationwide lockdown to combat coronavirus.


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(END) Dow Jones Newswires

September 30, 2020 02:32 ET (06:32 GMT)

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