Many UK businesses have had to limit or stop trading altogether due to #COVID19, leading experts to predict that a major economic recession may be around the corner. But what does an 'economic recession' actually mean? Watch below 👇

Posted by Reitly on Tuesday, 19 May 2020


According to a recent report by The Office of National Statistics (ONS), the UK has officially entered a recession for the first time in 11 years, due to the COVID-19 pandemic and ongoing lockdowns.

But what does a recession actually mean? Watch our video to find out.