Coronavirus: UK GDP growth forecast 2020

The economy of the United Kingdom is expected to fall by 35 percent in the second quarter of 2020, following the Coronavirus outbreak and closure of several businesses. According to the forecast the economy will bounce back in the third quarter of 2020, based on a scenario where the lockdown lasts for three months, with social distancing gradually phased out over a subsequent three-month period.

Growth forecast for gross domestic product (GDP) in the United Kingdom from 1st quarter 2020 to 4th quarter 2021

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Release date

April 2020

More information

Region

United Kingdom

Survey time period

2020

Supplementary notes

Forecast is based on the economic effects of a three-month lockdown, followed by a further, partial lockdown of three months.

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