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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Office for Budget Responsibility. (April 14, 2020). Growth forecast for gross domestic product (GDP) in the United Kingdom from 1st quarter 2020 to 4th quarter 2021 [Graph]. In Statista. Retrieved October 30, 2024, from https://www.statista.com/statistics/1107834/uk-gdp-growth-forecast/
Office for Budget Responsibility. "Growth forecast for gross domestic product (GDP) in the United Kingdom from 1st quarter 2020 to 4th quarter 2021." Chart. April 14, 2020. Statista. Accessed October 30, 2024. https://www.statista.com/statistics/1107834/uk-gdp-growth-forecast/
Office for Budget Responsibility. (2020). Growth forecast for gross domestic product (GDP) in the United Kingdom from 1st quarter 2020 to 4th quarter 2021. Statista. Statista Inc.. Accessed: October 30, 2024. https://www.statista.com/statistics/1107834/uk-gdp-growth-forecast/
Office for Budget Responsibility. "Growth Forecast for Gross Domestic Product (Gdp) in The United Kingdom from 1st Quarter 2020 to 4th Quarter 2021." Statista, Statista Inc., 14 Apr 2020, https://www.statista.com/statistics/1107834/uk-gdp-growth-forecast/
Office for Budget Responsibility, Growth forecast for gross domestic product (GDP) in the United Kingdom from 1st quarter 2020 to 4th quarter 2021 Statista, https://www.statista.com/statistics/1107834/uk-gdp-growth-forecast/ (last visited October 30, 2024)
Growth forecast for gross domestic product (GDP) in the United Kingdom from 1st quarter 2020 to 4th quarter 2021 [Graph], Office for Budget Responsibility, April 14, 2020. [Online]. Available: https://www.statista.com/statistics/1107834/uk-gdp-growth-forecast/