FORECAST: BRITISH ECONOMY TO SHRINK BY 8% THIS YEAR

Highlights

• Britain’s economy in April shrank by 20.4%
• Unemployment is a key concern 

According to a leading economic forecaster, the British economy will shrink by 8% in 2020. The damage caused by the coro...

THE UK's GDP SLUMPS 20.4 PERCENT IN APRIL COURTESY OF COVID-19 LOCKDOWN

Highlights

• April was the first month, when the UK saw complete lockdown with almost no economic activity

• Post-COVID, social distancing and no-deal Brexit complications will impact the country’s pace of economic recovery

• According to the OEC...

UK GOVERNMENT WEIGHS THE IMPACT OF SCHOOL CLOSURES ON GDP

Highlights

• Four weeks of school closures could cut 3% from the UK’s GDP,
• It could cost the economy billions of pounds 

According to research being considered by the government, school closures lasting four weeks could cut ...

UK ECONOMY EXHIBITS POOR SHOW IN JANUARY

Highlights

• In the three months to January, the service sector showed no growth 
• The manufacturing sector has continued to show weaknesses

According to data published by the Office for National Statistics, the UK economy stagnate...