In the first three months of this year, the British economy shrank more than expected, down 1.6% from the expected 1.5%.

The latest data from the National Bureau of Statistics show the gross domestic product (GDP) from January to March this year.

Jonathan Athow, deputy national statistician at the National Bureau of Statistics of the United Kingdom, said: “Today’s updated GDP (Gross Domestic Product) data is the same as our earlier estimates. Schools, hotels, and retail are all affected by January and February. The blockade was re-implemented in March and was restored in March.

“As many services are unavailable, household savings have reached record levels again, and only last spring did more savings.”

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