Economy UK economy officially in recession after 20.4% Q2 slump Updated : August 12, 2020 02:34 PM IST In June, when shops selling non-essential goods were allowed to reopen, the British economy grew by a monthly rate of 8.7 percent. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.