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.
The economy of the United Kingdom is expected to fall by 35 percent in the second quarter of 2020, following the 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 August 11, 2022, 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 August 11, 2022. 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: August 11, 2022. 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 August 11, 2022)