UK GDP shrinks by record 5.8% in March, harder COVID hit ahead
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LONDON (Reuters) - Britain's economy shrank by a record 5.8% in March as the coronavirus crisis escalated and the government shut down much of the country, according to official data that point towards an even bigger hit to come.The monthly drop in gross domestic product was felt in almost all sectors - from the country's shuttered restaurants and bars to its building sites and factories - and was the largest since comparable records began in 1997."The sharp contraction in UK Q1 GDP comes as..